Problem: A company prepared the following contribution margin income statement for the actual sale of 10,000 shoes
Sales revenue $600,000
Variable costs $400,000
Contribution margin $200,000
Less fixed costs $150,000
Net income $60,000
Based upon the actual results what would the forecasted net income be for the sales of 12,000 shoes?
A. $40,000
B. $240,000
C. $90,000
D. $60,000
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