Sorin Incorporated, a company that produces and sells a single product, has provided its contribution format income statement for January.Sales (3,400 units)Variable expensesContribution margin$ 112,20050,49061,710Fixed expenses45,700Net operating income$ 16,010If the company sells 3,900 units, its total contribution margin should be closest to: (Do not round intermediate calculations.)Multiple Choice$61,710$70,785$92,700$18,364

Contribution margin is the amount obtained by deducting the variable expenses attributable to a…

Sorin Incorporated, a company that produces and sells a single product, has provided its contribution format income statement for January. Sales (3,400 units) Variable expenses Contribution margin Fixed expenses Net operating income $ 112,200 50,490 61,710 45,700 $ 16,010 If the company sells 3,900 units, its total contribution margin should be closest to: (Do not round intermediate calculations.) Multiple Choice $61,710 O s70,785

Sorin Incorporated, a company that produces and sells a single product, has provided its contribution format income statement for January. Sales (3,400 units) Variable expenses Contribution margin Fixed expenses Net operating income $ 112,200 50,490 61,710 45,700 $ 16,010 If the company sells 3,900 units, its total contribution margin should be closest to: (Do not round intermediate calculations.) Multiple Choice $61,710 O s70,785

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Concept explainers

Forecasting

Forecasting is a methodology that uses historical data as inputs to make well-informed predictions about the course of future trends. Forecasting is the method of making forecasts based on historical and current data, most commonly by trend analysis. In the business world, forecasting is a basic statistical task. Forecasting is used by businesses to decide how to allocate their budgets or prepare for expected expenditures in the future. Forecasts help managers formulate and execute production plans by providing forecasts. The primary goal of forecasting is to make accurate predictions.

Question

Sorin Incorporated, a company that produces and sells a single product, has provided its contribution format income statement for January.
Sales (3,400 units)
Variable expenses
Contribution margin
$ 112,200
50,490
61,710
Fixed expenses
45,700
Net operating income
$ 16,010
If the company sells 3,900 units, its total contribution margin should be closest to: (Do not round intermediate calculations.)
Multiple Choice
$61,710
$70,785
$92,700
$18,364

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