Copr. Goed Kelly's Karts, LLC reported the following Contribution Margin Income Statement. What is the effect on Net Income if the sales quantity increases by 100 units? Sales Variable costs Contribution margin Fixed costs Net Income $8.000 decrease O$8,000 increase O$3.200 increase $3,200 decrease Q700 $56,000 33.600 $22.400 12.000 $10,400 $80 48 $32 4
Copr. Goed Kelly's Karts, LLC reported the following Contribution Margin Income Statement. What is the effect on Net Income if the sales quantity increases by 100 units? Sales Variable costs Contribution margin Fixed costs Net Income $8.000 decrease O$8,000 increase O$3.200 increase $3,200 decrease Q700 $56,000 33.600 $22.400 12.000 $10,400 $80 48 $32 4
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Copr. Goed Kelly's Karts, LLC reported the following Contribution Margin Income Statement. What is
the effect on Net Income if the sales quantity increases by 100 units?
Sales
Variable costs
Contribution margin
Fixed costs
Net Income
$8.000 decrease
O$8,000 increase
O$3.200 increase
$3,200 decrease
Q700
$56,000
33.600
$22.400
12.000
$10,400
$80
48
$32
4
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