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Valentine Corporation is a company that produces and sells one product. It has provided the...

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Accounting

Valentine Corporation is a company that produces and sells one product. It has provided the following projected contribution format income statement:

Sales (8,500 units) $637,500

Variable Expenses $357,000

Contribution margin $380,500

Fixed expenses $102,000

Operating income $178,500

What is the projected operating income if the company plans to sell 11,000 units?

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