Question: The most recent monthly contribution format income statement for Reston Company is given below: Reston Company Income Statement For the Month Ended May 31 Sales

The most recent monthly contribution format income statement for Reston Company is given below:

Reston Company Income Statement For the Month Ended May 31
Sales $ 900,000 100.0 %
Variable expenses 300,000 33.3
Contribution margin 600,000 66.7
Fixed expenses 495,000 55.0
Net operating income $ 105,000 11.7 %

Management is disappointed with the company

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