Sorin Inc., a company that produces and sells a single product, has provided its contribution format...

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Sorin Inc., a company that produces and sells a single product, has provided its contribution format income statement for Jan

Nocum Corporation has provided the following contribution format income statement. Assume that the following information is w

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Answer 1

Answer #1

1) Sorin Inc.,

Calculation of contribution margin at 4800 units

Contribution margin

=Number of units (Sells) * Contribution margin per unit

=4800*$13.5

=$64800

Working note:

Contribution margin per unit

=Contribution margin/sales units

=55350/4100 units

=$13.5

2) Nocum Corporation

Calculation of the Net operating Income when sales declines to 2900 units

Net Operating Income

=[sales decline units*Contribution margin per unit]-Fixed expenses

=[2900 units*$10]-$21000

=$29000-$21000

=$8000

Working notes:

Contribution margin per unit

=Contribution margin/sales units

=30000/3000 units

=$10

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