The following is Addison Corporation's contribution format income statement for last month: Sales $1,000,000 Less...
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Accounting
The following is Addison Corporation's contribution format income statement for last month: Sales $1,000,000 Less variable expenses 700,000 Contribution margin 300,000 Less fixed expenses 180,000 Net income $120,000
The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month.
If sales increase by 100 units, by how much should net income increase? Question 12 options:
$2,500.
$1,500.
$400.
$4,800.
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