Gonyo Inc., which produces and sells a single product, has provided the following contribution format income...

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) $ 305,000

Variable expenses 150,000

Contribution margin 155,000

Fixed expenses 104,400

Net operating income $ 50,600

Required: Redo the company's contribution format income statement assuming that the company sells 5,200 units.

What is the Net operating income:

Expert Solution

Contribution format income statement if the company si selling 5,200 units

Contribution format Income Statement

Particulars	Amount ($)

Sales [5,200 units x $61 per unit]	3,17,200
Less: Variable Costs [5,200 units x $30 per unit]	1,56,000
Contribution Margin	1,61,200
Less: Fixed Costs	1,04,400
Net Operating Income	56,800

Selling price per unit = Sales / Number of units sold

= $305,000 / 5,000 units

= $61 per unit

Variable cost per unit = Total variable costs / Number of units sold

= $150,000 / 5,000 units

= $30 per unit

jeff jeffy answered 2 hours ago

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