Dartmount Corporation has provided its contribution format income statement for June. The company produces and sells a single product. Sales (2,900 units) $ 275,500 Variable costs 116,000 Contribution margin 159,500 Fixed costs 136,100 Operating profit $ 23,400 If the company sells 3,200 units, its total contribution margin should be closest to:

Dartmount Corporation has provided its contribution format income statement for June. The company produces and sells a single product. Sales (2,900 units) $ 275,500 Variable costs 116,000 Contribution margin 159,500 Fixed costs 136,100 Operating profit $ 23,400 If the company sells 3,200 units, its total contribution margin should be closest to:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Sales (2,900 units)	$ 275,500
Variable costs	116,000
Contribution margin	159,500
Fixed costs	136,100
Operating profit	$ 23,400

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