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Decaprio Inc. produces and sells a single product. The company has provided its contribution format income statement for June.         Sales (6,700 units) $ 368,500 Variable expenses   268,000 Contribution margin   100,500 Fixed expenses   88,000 Net operating income $ 12,500     If the company sells 6,900 units, its net operating income should be closest to: (Do not round intermediate calculations.)   Garrison 16e Rechecks 2018-06-19   Multiple Choice   $15,500   $23,500   $12,500   $12,873

Decaprio Inc. produces and sells a single product. The company has provided its contribution format income statement for June.         Sales (6,700 units) $ 368,500 Variable expenses   268,000 Contribution margin   100,500 Fixed expenses   88,000 Net operating income $ 12,500     If the company sells 6,900 units, its net operating income should be closest to: (Do not round intermediate calculations.)   Garrison 16e Rechecks 2018-06-19   Multiple Choice   $15,500   $23,500   $12,500   $12,873

FINANCIAL ACCOUNTING
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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Decaprio Inc. produces and sells a single product. The company has provided its contribution format income statement for June.

 

     
Sales (6,700 units) $ 368,500
Variable expenses   268,000
Contribution margin   100,500
Fixed expenses   88,000
Net operating income $ 12,500
 

 

If the company sells 6,900 units, its net operating income should be closest to: (Do not round intermediate calculations.)

 

Garrison 16e Rechecks 2018-06-19

 

Multiple Choice

  •  
    $15,500
  •  
    $23,500
  •  
    $12,500
  •  
    $12,873
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