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By how much should net income increase

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Question - 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?

Reference no: EM132811571

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