Mcconkey Corporation produces and sells a single product. The company's contribution format income statement for July appears below: Sales (5,500 units)$357,500Variable expenses 236,500Contribution margin 121,000Fixed expenses 102,200Net operating income$18,800 Required: Redo the company's contribution format income statement assuming that the company sells 5,800 units.
What will be an ideal response?
| Sales (5,800 units) | $ | 377,000 |
| Variable expenses | 249,400 | |
| Contribution margin | 127,600 | |
| Fixed expenses | 102,200 | |
| Net operating income | $ | 25,400 |
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