Decaprio Inc. produces and sells a single product. The company has provided its contribution format income statement for June.Sales (6,300 units)Variable expensesContribution marginFixed expenses$220,500113,400107,10088,100Net operating income$ 19,000If the company sells 6,500 units, its net operating income should be closest to: (Do not round intermediate calculations.)

Contribution Format - This income statement begins with Sales. Then all the variable expense needs…

Decaprio Inc. produces and sells a single product. The company has provided its contribution format income statement for June. Sales (6,300 units) Variable expenses $220,500 113,400 107,100 88,100 Contribution margin Fixed expenses Net operating income $ 19,000 If the company sells 6,500 units, its net operating income should be closest to: (Do not round intermediate calculations.)

Decaprio Inc. produces and sells a single product. The company has provided its contribution format income statement for June. Sales (6,300 units) Variable expenses $220,500 113,400 107,100 88,100 Contribution margin Fixed expenses Net operating income $ 19,000 If the company sells 6,500 units, its net operating income should be closest to: (Do not round intermediate calculations.)

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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Giannini Incorporated, which produces and sells a single product, has provided the following contribution format income statement for March: Sales (5,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Required: Redo the company's contribution format income statement assuming that the company sells 5,200 units. (Do not round intermediate calculations.) Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 315,000 150,000 165,000 106, 200 $ 58,800 $ 0 0 4
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