Need answer the accounting question not use ai Vortex Technologies reported total sales of $480,000, at a price of $30 per unit,and per unit variable expenses of $18, for the sales of their single product.TotalSalesPer Unit$480,000Variable Expenses$288,000Contribution Margin$192,000Fixed Expenses$135,000Net Operating Income $57,000What is the amount of contribution margin if sales volume increases by 40%?

Step 1: Define Contribution MarginContribution margin is the amount of revenue from sales that…

Answered: Vortex Technologies reported total…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter11: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 11.16E

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