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 $401, 200 265, 200 136,000 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.) Multiple Choice $31,979 $30.500 $32,500 $28,000
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 $401, 200 265, 200 136,000 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.) Multiple Choice $31,979 $30.500 $32,500 $28,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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