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Titou Co.'s contribution format income statement for the most recent month is shown below: Total Per UnitSales (42,000 units) $ 378,000 $ 9.00Variable expenses 252,000 6.00Contribution margin 126,000 $ 3.00 Fixed expenses 46,000 Net operating ncome $ 80,000 What would be the revised net operating income if the selling price increases by $1.20 per unit, fixed expenses increase by $7,000, and the number of units sold decreases by 5%? Do not include a dollar sign in your response.

Titou Co.'s contribution format income statement for the most recent month is shown below: Total Per UnitSales (42,000 units) $ 378,000 $ 9.00Variable expenses 252,000 6.00Contribution margin 126,000 $ 3.00 Fixed expenses 46,000 Net operating ncome $ 80,000 What would be the revised net operating income if the selling price increases by $1.20 per unit, fixed expenses increase by $7,000, and the number of units sold decreases by 5%? Do not include a dollar sign in your response.

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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Titou Co.'s contribution format income statement for the most recent month is shown below: Total Per UnitSales (42,000 units) $ 378,000 $ 9.00Variable expenses 252,000 6.00Contribution margin 126,000 $ 3.00 Fixed expenses 46,000 Net operating income $ 80,000 What would be the revised net operating income if the selling price increases by $1.20 per unit, fixed expenses increase by $7,000, and the number of units sold decreases by 5%? Do not include a dollar sign in your response.
Transcribed Image Text:Titou Co.'s contribution format income statement for the most recent month is shown below: Total Per UnitSales (42,000 units) $ 378,000 $ 9.00Variable expenses 252,000 6.00Contribution margin 126,000 $ 3.00 Fixed expenses 46,000 Net operating income $ 80,000 What would be the revised net operating income if the selling price increases by $1.20 per unit, fixed expenses increase by $7,000, and the number of units sold decreases by 5%? Do not include a dollar sign in your response.
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