Chapter 6 Mastery Giannini Inc., which produces and sells a single product, has provided the following...
Chapter 6 Mastery
Giannini Inc., which produces and sells a single product, has provided the following contribution format income statement for March:
| Sales (5,000 units) | $ | 315,000 |
| Variable expenses | 150,000 | |
| Contribution margin | 165,000 | |
| Fixed expenses | 104,600 | |
| Net operating income | $ | 60,400 |
Required:
Redo the company's contribution format income statement assuming that the company sells 5,200 units. (Do not round intermediate calculations.)
Homework Answers
| Sales (315,000/5,000)*5200 | 327,600 |
| Variable cost (150,000/5,000)*5200 | 156,000 |
| Contribution margin | 171,600 |
| Fixed expenses | 104,600 |
| Net operating income | 67,000 |
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Chapter 6 Mastery
Giannini Inc., which produces and sells a single product, has
provided the following...
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