Nocum Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range.
Sales (3,000 units) $ 120,000
Variable expenses 90,000
Contribution margin 30,000
Fixed expenses 21,000
Net operating income $ 9,000
If sales decline to 2,900 units, the net operating income would be closest to:
a. $8,000
b. $29,000
c. $1,000
d. $8,700
Answers: 1
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Nocum Corporation has provided the following contribution format income statement. Assume that the f...