Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (7,800 units) $413,400 Variable expenses 257,400 Contribution margin 156,000 Fixed expenses 103,500 Net operating income $52,500 If the company sells 7,700 units, its net operating income should be: A. $51,979 B. $50,500 C. $52,500 D. $48,000
Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (7,800 units) $413,400 Variable expenses 257,400 Contribution margin 156,000 Fixed expenses 103,500 Net operating income $52,500 If the company sells 7,700 units, its net operating income should be: A. $51,979 B. $50,500 C. $52,500 D. $48,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Rovinsky Corporation, a company that produces and sells a single
product, has provided its contribution format income statement
for November.
Sales (7,800 units)
$413,400
Variable expenses
257,400
Contribution margin
156,000
Fixed expenses
103,500
Net operating income $52,500
If the company sells 7,700 units, its net operating income should
be:
A. $51,979
B. $50,500
C. $52,500
D. $48,000
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