QUESTION 15 Lilou Co.'s contribution format income statement for the most recent month is shown...
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Accounting
QUESTION 15
Lilou Co.'s contribution format income statement for the most recent month is shown below:
|
|
| Total |
| Sales |
| $ 84,000 |
| Variable expenses |
| 33,600 |
| Contribution margin |
| 50,400 |
| Fixed expenses |
| 40,320 |
| Net operating income |
| $ 10,080 |
|
|
|
|
If the company has a degree of operating leverage of 5.00 and estimates a 6% increase in unit sales, what would be the company's revised net operating income? Do not include a dollar sign in your response.
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