I need answer of this question solution general accounting Creswell Corporation's fixed monthly expenses are$29,000 and its contribution margin ratio is 56%.Assuming that the fixed monthly expenses do notchange, what is the best estimate of the company'snet operating income in a month when sales are$95,000?a. $12,800b. $24,200c. $53,200d. $66,000

Step 1: Define Contribution Margin RatioThe contribution margin indicates how many cents from each…

Answered: Creswell Corporation's fixed monthly…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

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Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 23MC: If a firm has a contribution margin of $78M90 and a net income of $13,700 for the current month,...

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Creswell Corporation's fixed monthly expenses are $29,000 and its contribution margin ratio is 56%. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $95,000? a. $12,800 b. $24,200 c. $53,200 d. $66,000