Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (6,900 units) $ 400,200 Variable expenses 262,200 Contribution margin 138,000 Fixed expenses 103,500 Net operating income $ 34,500 If the company sells 6,800 units, its net operating income should be closest to:
Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (6,900 units) $ 400,200 Variable expenses 262,200 Contribution margin 138,000 Fixed expenses 103,500 Net operating income $ 34,500 If the company sells 6,800 units, its net operating income should be closest to:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November.
| Sales (6,900 units) | $ 400,200 |
|---|---|
| Variable expenses | 262,200 |
| Contribution margin | 138,000 |
| Fixed expenses | 103,500 |
| Net operating income | $ 34,500 |
If the company sells 6,800 units, its net operating income should be closest to: (Do not round intermediate calculations.)
Multiple Choice
-
$30,000
-
$33,979
-
$34,500
-
$32,500
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