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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 (8,200 units) $467,400 Variable expenses 303,400 Contribution margin 164,000 Fixed expenses 103,500 Net operating income $60,500 If the company sells 8100 units, its net operating income should be closest to: (Do not round intermediate calculations.) A. $59,979. B. $58,500. C. $60,500. D. $56,000.

Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (8,200 units) $467,400 Variable expenses 303,400 Contribution margin 164,000 Fixed expenses 103,500 Net operating income $60,500 If the company sells 8100 units, its net operating income should be closest to: (Do not round intermediate calculations.) A. $59,979. B. $58,500. C. $60,500. D. $56,000.

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 4PB: West Island distributes a single product. The companys sales and expenses for the month of June are...
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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 (8,200 units) $467,400 Variable expenses 303,400 Contribution margin 164,000 Fixed expenses 103,500 Net operating income $60,500 If the company sells 8100 units, its net operating income should be closest to: (Do not round intermediate calculations.) A. $59,979. B. $58,500. C. $60,500. D. $56,000.
Transcribed Image Text:Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (8,200 units) $467,400 Variable expenses 303,400 Contribution margin 164,000 Fixed expenses 103,500 Net operating income $60,500 If the company sells 8100 units, its net operating income should be closest to: (Do not round intermediate calculations.) A. $59,979. B. $58,500. C. $60,500. D. $56,000.
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