QUESTION 20 Titou Co.'s contribution format income statement for the most recent month is shown...
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Accounting
QUESTION 20
Titou Co.'s contribution format income statement for the most recent month is shown below:
|
|
| Total |
| Per Unit |
| Sales (42,000 units) |
| $ 378,000 |
| $ 9.00 |
| Variable expenses |
| 252,000 |
| 6.00 |
| Contribution margin |
| 126,000 |
| $ 3.00 |
| Fixed expenses |
| 46,000 |
|
|
| Net operating income |
| $ 80,000 |
|
|
|
|
|
|
|
|
What would be the revised net operating income if the selling price increases by $1.20 per unit, fixed expenses increase by $7,000, and the number of units sold decreases by 5%? Do not include a dollar sign in your response.
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