Sorin Inc., a company that produces and sells a single product, has provided its contribution format income statement for January. $ 83,700 Sales (3,100 units) Variable expenses 36,828 Contribution margin Fixed expenses 46,872 37,500 Net operating income $ 9,372 If the company sells 3,800 units, its total contribution margin should be closest to: (Do not round intermediate calculations.) Multiple Cholce $46,872 $57,456 $82,500 $11,488
Sorin Inc., a company that produces and sells a single product, has provided its contribution format income statement for January. $ 83,700 Sales (3,100 units) Variable expenses 36,828 Contribution margin Fixed expenses 46,872 37,500 Net operating income $ 9,372 If the company sells 3,800 units, its total contribution margin should be closest to: (Do not round intermediate calculations.) Multiple Cholce $46,872 $57,456 $82,500 $11,488
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Sorin Inc., a company that produces and sells a single product, has provided its contribution format income statement for January.
$ 83,700
Sales (3,100 units)
Variable expenses
36,828
Contribution margin
Fixed expenses
46,872
37,500
Net operating income
$ 9,372
If the company sells 3,800 units, its total contribution margin should be closest to: (Do not round intermediate calculations.)
Multiple Cholce
$46,872
$57,456
$82,500
$11,488
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