Escareno Corporation has provided its contribution format income statement for June. The company produces and sells a single produ Sales (8,400 units) $ 764,400 Variable expenses 445, 200 Contribution margin Fixed expenses 319, 200 250,900 Net operating income $ 68,300 f the company sells 8,200 units, its total contribution margin should be closest to: Multiple Choice $301,000 $311,600 $319,200 $66,674
Escareno Corporation has provided its contribution format income statement for June. The company produces and sells a single produ Sales (8,400 units) $ 764,400 Variable expenses 445, 200 Contribution margin Fixed expenses 319, 200 250,900 Net operating income $ 68,300 f the company sells 8,200 units, its total contribution margin should be closest to: Multiple Choice $301,000 $311,600 $319,200 $66,674
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Escareno Corporation has provided its contribution format income statement for June. The company produces and sells a single product.
Sales (8,400 units)
$ 764,400
Variable expenses
445, 200
Contribution margin
319, 200
Fixed expenses
250,900
Net operating income
$ 68,300
If the company sells 8,200 units, its total contribution margin should be closest to:
Multiple Choice
$301,000
$311,600
$319,200
$66,674](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5ce517e1-a606-47cc-9829-41a041aac0c0%2F71b9aad8-656e-4076-bf80-a4252c1476df%2Fjmih14f_processed.png&w=3840&q=75)
Transcribed Image Text:Escareno Corporation has provided its contribution format income statement for June. The company produces and sells a single product.
Sales (8,400 units)
$ 764,400
Variable expenses
445, 200
Contribution margin
319, 200
Fixed expenses
250,900
Net operating income
$ 68,300
If the company sells 8,200 units, its total contribution margin should be closest to:
Multiple Choice
$301,000
$311,600
$319,200
$66,674
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