accounting and finance

9. If Contribution Margin is $50 /unit and Net Income is $20,000 for sales of 1,000 units, what will Net Income be if 1,100 units are sold: ( 2 marks) a. $25,000 b. $40,000 c. $50,000 d. $55,000 10. Period costs... a. include selling expenses b. are non-manufacturing costs c. are not reflected in the cost of inventory d. all of the above. 11. Comparing a Cost-Volume-Profit Income Statement to a Traditional Income Statement you will find: a. Net Income is greater on the CVP Statement b. Net Income is greater on the traditional statement c. Net Income is the same of both statements d. Net Income will be greater or less depending on the sales volume