A company's contribution format income statement for the most recent month is shown below:

Total Per Unit

Sales (30,000 units) $180,000 $6.00

Variable expenses 90,000 3.00

Contribution margin 90,000 $3.00

Fixed expenses 43,000

Net operating income $47,000

What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 10 cents per unit, and the number of units sold decreases by 8%?

Multiple Choice

• $77,382
• $70,160
• $67,633
• $80,735