Prepare income statement when sales units are 100? Sales (8,400 units)Variable expensesTotal$ 260,400159,600Per Unit$ 31.0019.00Contribution margin100,800$ 12.00Fixed expenses55,300Net operating income$ 45,500

Formula: Net income = Revenues - Expenses.

Answered: Total $ 260,400 159,600 Per Unit $…

Total $ 260,400 159,600 Per Unit $ 31.00 19.00 Sales (8,400 units) Variable expenses Contribution margin Fixed expenses Net operating income 100,800 $ 12.00 55,300 $ 45,500

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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Question

Prepare income statement when sales units are 100?

Sales (8,400 units)
Variable expenses
Total
$ 260,400
159,600
Per Unit
$ 31.00
19.00
Contribution margin
100,800
$ 12.00
Fixed expenses
55,300
Net operating income
$ 45,500

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