Gonyo Inc., which produces and sells a single product, has provided the following contribution format income statement for December appears below: Sales (5,000 units) $ 330,000
Variable expenses 175,000
Contribution margin 155,000
Fixed expenses 104,900
Net operating income $50,100
Required:
Redo the company's contribution format income statement assuming that the company sells 5,200 units.
Net Operating Income .

Net income= 56,300

Explanation:

Giving the following information:

Fixed expenses 104,900

First, we need to determine unitary values:

Selling price= 330,000/5,000= $66

Unitary variable expenses= 175,000/5,000= $35

Now, we can redo the contribution margin income statement for 5,200 units:

Sales= 66*5,200= 343,200

Total variable cost= 35*5,200= (182,000)

Total contribution margin= 161,200

Fixed costs= (104,900)

Net income= 56,300

u = 30

continuing your method

= +

subtract from both sides

= - thus

= -

= ⇒ u = 30

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.