Question
Whirly Corporations most recent income statement is shown below: Sales (7,200 units) $223,200 Variable Expenses ($144,000) Contribution Margin $79,200 Fixed Expenses ($55,200) Net Income $24,000
Whirly Corporations most recent income statement is shown below:
Sales (7,200 units) $223,200
Variable Expenses ($144,000)
Contribution Margin $79,200
Fixed Expenses ($55,200)
Net Income $24,000
Prepare a new contribution format income statement for a sales volume increase of 90 units. What is the new Net Income?
Group of answer choices
A. $24,500
B. $55,200
C. $80,190
D. $24,990
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International Accounting
Authors: Timothy Doupnik, Hector Perera
3rd Edition
978-0078110955, 0078110955
