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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 (6,700 units) Variable expenses Contribution margin Fixed expenses. Net operating income. If the company sells 6,600 units, its net operating income should be closest to: (Do not round intermediate calculations.) Multiple Choice O $29,979 O $30,500 O $26.000 $ 469,000 335,000 134,000 103,500 $ 30,500 O $28,500

Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (6,700 units) Variable expenses Contribution margin Fixed expenses. Net operating income. If the company sells 6,600 units, its net operating income should be closest to: (Do not round intermediate calculations.) Multiple Choice O $29,979 O $30,500 O $26.000 $ 469,000 335,000 134,000 103,500 $ 30,500 O $28,500

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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**Contribution Format Income Statement for Rovinsky Corporation** Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. - **Sales (6,700 units):** $469,000 - **Variable Expenses:** $335,000 - **Contribution Margin:** $134,000 - **Fixed Expenses:** $103,500 - **Net Operating Income:** $30,500 **Question:** If the company sells 6,600 units, its net operating income should be closest to: *(Do not round intermediate calculations.)* **Multiple Choice Options:** - ○ $29,979 - ○ $30,500 - ○ $26,000 - ○ $28,500
Transcribed Image Text:**Contribution Format Income Statement for Rovinsky Corporation** Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. - **Sales (6,700 units):** $469,000 - **Variable Expenses:** $335,000 - **Contribution Margin:** $134,000 - **Fixed Expenses:** $103,500 - **Net Operating Income:** $30,500 **Question:** If the company sells 6,600 units, its net operating income should be closest to: *(Do not round intermediate calculations.)* **Multiple Choice Options:** - ○ $29,979 - ○ $30,500 - ○ $26,000 - ○ $28,500
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