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Determine what the operating income should have been

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Reference no: EM13509184

The May 2009 income statement for Trajan Inc. is shown below:

Actual

Static Budget

Units sold

110

100

Sales

$3,200

$3,000

Variable expenses

$1,920

$1,800

Contribution margin

$1,280

$1,200

Fixed expenses

$680

$700

Operating income

$600

$600

Required:

a) Determine what the operating income should have been for the actual units sold.

b) Reconcile the difference between static budget and actual operating income.

 

Reference no: EM13509184

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