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Keomuangtai Corporation produces and sells a single product. The company has provided its contribution format income statement for October. $ 266,800 Sales (4,600 units) Variable expenses Contribution margin 179,400 87,400 62,200 $ 25,200 Fixed expenses Net operating income. If the company sells 4,200 units, its net operating income should be closest to: Multiple Choice $25,200 $2,000 $17,600 $23,009

Keomuangtai Corporation produces and sells a single product. The company has provided its contribution format income statement for October. $ 266,800 Sales (4,600 units) Variable expenses Contribution margin 179,400 87,400 62,200 $ 25,200 Fixed expenses Net operating income. If the company sells 4,200 units, its net operating income should be closest to: Multiple Choice $25,200 $2,000 $17,600 $23,009

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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Keomuangtai Corporation produces and sells a single product. The company has provided its contribution format income statement for October. Sales (4,600 units) Variable expenses Contribution margin Fixed expenses Net operating income If the company sells 4,200 units, its net operating income should be closest to: Multiple Choice $25,200 $2,000 $17,600 $ 266,800 179,400 87,400 62,200 $ 25,200 $23,009
Transcribed Image Text:Keomuangtai Corporation produces and sells a single product. The company has provided its contribution format income statement for October. Sales (4,600 units) Variable expenses Contribution margin Fixed expenses Net operating income If the company sells 4,200 units, its net operating income should be closest to: Multiple Choice $25,200 $2,000 $17,600 $ 266,800 179,400 87,400 62,200 $ 25,200 $23,009
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