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F. Naz
F. Naz, Chartered Accountant
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Michael Corporations most recent income statement follows TOTAL: Sales

Resolved Question:

Michael Corporation's most recent income statement follows


TOTAL:
Sales (8,200 units): $218,120
Variable Expenses: $148,420
Contribution Margin: $69,700
Fixed Expenses: $54,400
Net Operating Income: $ 15,300

PER UNIT:
Sales: $26.60
Variable Expenses: $18.10
Contribution Margin: $8.50

Prepare a new contribution format income statement under each of the following conditions (consider each case independently):

1. The sales volume increases by 90 units.

2. The sales volume declines by 90 units

3. The sales volume is 7,200 units
Submitted: 5 years ago.
Category: Homework
Expert:  F. Naz replied 5 years ago.

Muhammad Jawaad Ahmed :

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Muhammad Jawaad Ahmed :

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Expert:  F. Naz replied 5 years ago.
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