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Question 6 Nocum Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. $ 120,000 Sales (3,000 units) Variable expenses Contribution margin Fixed expenses 90,000 Net operating income. 30,000 21,000 $9,000 If sales volumes decline to 2,900 units, the net operating income would be closest to: $1,000 $8,000 Ⓒ$29,000 O $8,700

Question 6 Nocum Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. $ 120,000 Sales (3,000 units) Variable expenses Contribution margin Fixed expenses 90,000 Net operating income. 30,000 21,000 $9,000 If sales volumes decline to 2,900 units, the net operating income would be closest to: $1,000 $8,000 Ⓒ$29,000 O $8,700

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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Question 6 Nocum Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. $ 120,000 Sales (3,000 units) Variable expenses Contribution margin Fixed expenses 90,000 Net operating income. 30,000 21,000 $9,000 If sales volumes decline to 2,900 units, the net operating income would be closest to: $1,000 $8,000 Ⓒ$29,000 O $8,700
Transcribed Image Text:Question 6 Nocum Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. $ 120,000 Sales (3,000 units) Variable expenses Contribution margin Fixed expenses 90,000 Net operating income. 30,000 21,000 $9,000 If sales volumes decline to 2,900 units, the net operating income would be closest to: $1,000 $8,000 Ⓒ$29,000 O $8,700
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