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Their company has provided the following: Sales Variable expenses Contribution margin Fixed expenses Total $ 370,000 203,500 166,500 114,000 Net operating income $ 52,500 What is total contribution margin if sales volume increases by 30%?

Their company has provided the following: Sales Variable expenses Contribution margin Fixed expenses Total $ 370,000 203,500 166,500 114,000 Net operating income $ 52,500 What is total contribution margin if sales volume increases by 30%?

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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Their company has provided the following: Sales Variable expenses Contribution margin Fixed expenses Total $ 370,000 203,500 166,500 114,000 Net operating income $ 52,500 What is total contribution margin if sales volume increases by 30%?
Transcribed Image Text:Their company has provided the following: Sales Variable expenses Contribution margin Fixed expenses Total $ 370,000 203,500 166,500 114,000 Net operating income $ 52,500 What is total contribution margin if sales volume increases by 30%?
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