Sorin Inc., a company that produces and sells a single product, has provided its contribution format income statement for January. Sales (4,200 units) $ 155,400 Variable expenses 100,800 Contribution margin 54,600 Fixed expenses 42,400 Net operating income $ 12,200 If the company sells 4,600 units, its total contribution margin should be closest to:

Sorin Inc., a company that produces and sells a single product, has provided its contribution format income statement for January. Sales (4,200 units) $ 155,400 Variable expenses 100,800 Contribution margin 54,600 Fixed expenses 42,400 Net operating income $ 12,200 If the company sells 4,600 units, its total contribution margin should be closest to:

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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