Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (7,800 units) Variable expenses $413,400 257,400 Contribution margin 156,000 Fixed expenses 103,500 Net operating income $52,500 If the company sells 7,700 units, its net operating income should be: A. $51,979 B. $50,500 C. $52,500 D. $48,000

Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter3: Cost Behavior
Section: Chapter Questions
Problem 26E: Starling Co. manufactures one product with a selling price of 18 and variable cost of 12. Starlings...
icon
Related questions
Question

Rovinsky corporation a company. ....accounting questions

Rovinsky Corporation, a company that produces and sells a single product, has
provided its contribution format income statement for November.
Sales (7,800 units)
Variable expenses
$413,400
257,400
Contribution margin 156,000
Fixed expenses
103,500
Net operating income $52,500
If the company sells 7,700 units, its net operating income should be:
A. $51,979
B. $50,500
C. $52,500
D. $48,000
Transcribed Image Text:Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (7,800 units) Variable expenses $413,400 257,400 Contribution margin 156,000 Fixed expenses 103,500 Net operating income $52,500 If the company sells 7,700 units, its net operating income should be: A. $51,979 B. $50,500 C. $52,500 D. $48,000
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College