FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Summit company prepared the following contribution format solve this question

Summit Company prepared the following contribution format income
statement based on a sales volume of 2,000 units (the relevant range of
production is 1,000 units to 3,000 units):
Sales $96,000 Variable expenses 54,000 Contribution margin 42,000
Fixed expenses 28,500 Net operating income $13,500
Required: If sales increase to 2,200 units, what would be the net
operating income?
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Transcribed Image Text:Summit Company prepared the following contribution format income statement based on a sales volume of 2,000 units (the relevant range of production is 1,000 units to 3,000 units): Sales $96,000 Variable expenses 54,000 Contribution margin 42,000 Fixed expenses 28,500 Net operating income $13,500 Required: If sales increase to 2,200 units, what would be the net operating income?
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