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

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 4PB: West Island distributes a single product. The companys sales and expenses for the month of June are...

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Subject: accounting
West Island distributes a single product. The companys sales and expenses for the month of June are shown. Using the information presented, answer these questions: A. What is the break-even point in units sold and dollar sales? B. What is the total contribution margin at the break-even point? C. If West Island wants to earn a profit of $21,000, how many units would they have to sell? D. Prepare a contribution margin income statement that reflects sales necessary to achieve the target profit.