Rovinsky Corp, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (5,700 units)$319,200Variable Expenses188,100Contribution Margin131,100Fixed Expenses 106,500Net Operating Income24,600If the selling price increased 10% and the variable cost decreased by 5%, and advertising increase by 3,800, prepare the contribution margin income statement.

Formula: Contribution margin = Sales price - variable cost Deduction of variable cost from selling…

Answered: Rovinsky Corp, a company that produces…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Rovinsky Corp, a company that produces and sells a single product, has provided its contribution format income statement for November.

Sales (5,700 units)	$319,200
Variable Expenses	188,100
Contribution Margin	131,100
Fixed Expenses	106,500
Net Operating Income	24,600

If the selling price increased 10% and the variable cost decreased by 5%, and advertising increase by 3,800, prepare the contribution margin income statement.

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