Business, 04.04.2020 06:30 eaves001

Nocum Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range.

Sales (3,000 units) $ 120,000
Variable expenses 90,000
Contribution margin 30,000
Fixed expenses 21,000
Net operating income $ 9,000

If sales decline to 2,900 units, the net operating income would be closest to:

a. $8,000

b. $29,000

c. $1,000

d. $8,700

Answers: 1

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Nocum Corporation has provided the following contribution format income statement. Assume that the f...

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