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The following is Allison Corporation's contribution format income statement for last month: Sales: $800,000 Variable Expenses: $300,000 Contribution Margin: $500,000 Fixed Expenses: $400,000 Net Operating
The following is Allison Corporation's contribution format income statement for last month:
Sales: $800,000
Variable Expenses: $300,000
Contribution Margin: $500,000
Fixed Expenses: $400,000
Net Operating Income: $100,000
The company has no beginning or ending inventories. The company produced and sold 10,000 units last month.
If the Company's Operating Income Increased by 10%, what is the percentage increase in the Company's sales?
12% | ||
2% | ||
50% | ||
10% |
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