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The following is Atari Corporation's contribution format income statement for last month: Sales: $1,200,000 Variable Expenses: $800,000 Contribution Margin: $ ?????? Fixed Expenses: $150,000 Net Operating Income: $ ?????? The company has no beginning or ending inventories. The company produced and sold 20,000 units last month. If the Company's Sales Increased by 10%, what is the percentage increase in the Company's Operating Income a. 30% b. 16% O c. 160% O d. 50%

The following is Atari Corporation's contribution format income statement for last month: Sales: $1,200,000 Variable Expenses: $800,000 Contribution Margin: $ ?????? Fixed Expenses: $150,000 Net Operating Income: $ ?????? The company has no beginning or ending inventories. The company produced and sold 20,000 units last month. If the Company's Sales Increased by 10%, what is the percentage increase in the Company's Operating Income a. 30% b. 16% O c. 160% O d. 50%

FINANCIAL ACCOUNTING
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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The following is Atari Corporation's contribution format income statement for last month: Sales: $1,200,000 Variable Expenses: $800,000 Contribution Margin: $ ?????? Fixed Expenses: $150,000 Net Operating Income: $ ?????? The company has no beginning or ending inventories. The company produced and sold 20,000 units last month. If the Company's Sales Increased by 10%, what is the percentage increase in the Company's Operating Income a. 30% b. 16% c. 160% O d. 50%
Transcribed Image Text:The following is Atari Corporation's contribution format income statement for last month: Sales: $1,200,000 Variable Expenses: $800,000 Contribution Margin: $ ?????? Fixed Expenses: $150,000 Net Operating Income: $ ?????? The company has no beginning or ending inventories. The company produced and sold 20,000 units last month. If the Company's Sales Increased by 10%, what is the percentage increase in the Company's Operating Income a. 30% b. 16% c. 160% O d. 50%
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