Answer:
net operating income= (2,000)
Explanation:
<u>First, we need to calculate the unitary variable production cost:</u>
unitary variable production cost= 48,000/3,000= $16
<u>Contribution margin income statement:</u>
<u></u>
Sales= 2,400*40= 96,000
Variable cost= (2,400*16) + 9,600= (48,000)
Contribution margin= 48,000
Fixed manufacturing overhead= (30,000)
Fixed selling and administration costs= (20,000)
net operating income= (2,000)