Sales (7,200 units)$ 338,400Variable expenses194, 400144, 000Contribution marginFixed expenses103, 500Net operating income$ 40,500If the company sells 7,100 units, its net operating income should be closest to: (Do not round intermediate calculations.)Multiple Choice$39,979$38,500$40,500$36,000

Formula: Sales price per unit =Total sales value / Number of units sold

$ 338, 400 194,400 144,000 103, 500 $ 40, 500 Sales (7,200 units) Variable expenses Contribution margin Fixed expenses Net operating income If the company sells 7,100 units, its net operating incone should be closest to: (Do not round intermediate calculotions.) Multiple Choice $39,979

$ 338, 400 194,400 144,000 103, 500 $ 40, 500 Sales (7,200 units) Variable expenses Contribution margin Fixed expenses Net operating income If the company sells 7,100 units, its net operating incone should be closest to: (Do not round intermediate calculotions.) Multiple Choice $39,979

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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Concept explainers

Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.

Question

Sales (7,200 units)
$ 338,400
Variable expenses
194, 400
144, 000
Contribution margin
Fixed expenses
103, 500
Net operating income
$ 40,500
If the company sells 7,100 units, its net operating income should be closest to: (Do not round intermediate calculations.)
Multiple Choice
$39,979
$38,500
$40,500
$36,000

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