Assume that actual sales in 2011 were 20 higher than, Financial Accounting

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Assume that actual sales in 2011 were 20 higher than

Question

Betty DeRose, Inc. prepared the following projected income statement information for 2011:

•Contribution margin $900,000

•Fixed costs 780,000

• Net income 120,000

Assume that actual sales in 2011 were 20% higher than projected.

Calculate the net income earned by Betty DeRose, Inc. for 2011.

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Financial Accounting: Assume that actual sales in 2011 were 20 higher than

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Financial Accounting: Assume that actual sales in 2011 were 20 higher than

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