Solved: Rosebuds income statement is as follows contribution margin, Accounting Basics

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Rosebuds income statement is as follows contribution margin

Question - Rosebud's income statement is as follows:

Sales (20,000 units) $100,000

Less variable costs - 60,000

Contribution margin $40,000

Less fixed costs - 24,000

Net income $12,000

If sales increase by $15,000, by how much will net income increase?

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Accounting Basics: Rosebuds income statement is as follows contribution margin

Reference No:- TGS02601772

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