Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (6,600 units) Variable expenses Contribution margin Fixed expenses Net operating income $ 455,400 323,400 132,000 103,500 $ 28,500 If the company sells 6,500 units, its net operating income should be closest to: Note: Do not round intermediate calculations. Multiple Choice $26,500 $24,000 $27,979 $28,500
Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (6,600 units) Variable expenses Contribution margin Fixed expenses Net operating income $ 455,400 323,400 132,000 103,500 $ 28,500 If the company sells 6,500 units, its net operating income should be closest to: Note: Do not round intermediate calculations. Multiple Choice $26,500 $24,000 $27,979 $28,500
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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