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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 (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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