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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 (6,800 units) $401,200 Variable expenses 265,200 Contribution margin 136,000 Fixed expenses 103,500 Net operating income $32,500 If the company sells 6,700 units, its net operating income should be closest to: (Do not round intermediate calculations.) O $30,500 O $28,000 $32,500 O $31,979

Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (6,800 units) $401,200 Variable expenses 265,200 Contribution margin 136,000 Fixed expenses 103,500 Net operating income $32,500 If the company sells 6,700 units, its net operating income should be closest to: (Do not round intermediate calculations.) O $30,500 O $28,000 $32,500 O $31,979

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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Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (6,800 units) Variable expenses Contribution margin Fixed expenses $401,200 265,200 136,000 103,500 Net operating income $32,500 If the company sells 6,700 units, its net operating income should be closest to: (Do not round intermediate calculations.) O $30,500 $28,000 O $32,500 O $31,979
Transcribed Image Text:Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (6,800 units) Variable expenses Contribution margin Fixed expenses $401,200 265,200 136,000 103,500 Net operating income $32,500 If the company sells 6,700 units, its net operating income should be closest to: (Do not round intermediate calculations.) O $30,500 $28,000 O $32,500 O $31,979
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