Question - Gonyo Inc., which produces and sells a single product, has provided the following contribution format income statement for December appears below:
Sales (5,000 units) $325,000
Variable expenses 200,000
Contribution margin 125,000
Fixed expenses 106,400
Net operating income $18,600
Required: Redo the company's contribution format income statement assuming that the company sells 5,200 units.
What is the Net Operating Income?