FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Rovinsky Corp, a company that produces and sells a single product, has provided its contribution format income statement for November.
Sales (5,700 units) | $319,200 |
Variable Expenses | 188,100 |
Contribution Margin | 131,100 |
Fixed Expenses | 106,500 |
Net Operating Income | 24,600 |
If the selling price increased 10% and the variable cost decreased by 5%, and advertising increase by 3,800, prepare the contribution margin income statement.
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