Prepared partnership prepared contribution format income

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Reference no: EM132212986

Prepared Partnership prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 600 units to 1,800 units):

Sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $40,000

Variable expenses. . . . . . . . . . . . . . . . . . 24,000

Contribution margin. . . . . . . . . . . . . . . . 16,000

Fixed expenses. . . . . . . . . . . . . . . . . . . . . 12,000

Net operating income. . . . . . . . . . . . . . . $ 4,000

Required:

If the selling price increases by $3 per unit and the sales volume decreases by 200 units, what would be the net operating income?

Please give step by step instructions.

Reference no: EM132212986

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