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.
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.
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 1PA: A company sells small motors as a component part to automobiles. The Model 101 motor sells for $850...
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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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