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Sorin Incorporated, a company that produces and sells a single product, has provided its contribution format income statement for January. Sales (4,700 units) $ 126,900 Variable expenses 59,643 Contribution margin 67,257 50,400 $ 16,857 Fixed expenses Net operating income. If the company sells 5,500 units, its total contribution margin should be closest to: Note: Do not round Intermediate calculations. Multiple Choice O O $92,400 $78,705 $19,726 $67,257

Sorin Incorporated, a company that produces and sells a single product, has provided its contribution format income statement for January. Sales (4,700 units) $ 126,900 Variable expenses 59,643 Contribution margin 67,257 50,400 $ 16,857 Fixed expenses Net operating income. If the company sells 5,500 units, its total contribution margin should be closest to: Note: Do not round Intermediate calculations. Multiple Choice O O $92,400 $78,705 $19,726 $67,257

FINANCIAL ACCOUNTING
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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Sorin Incorporated, a company that produces and sells a single product, has provided its contribution format Income statement for January. Sales (4,700 units) Variable expenses Contribution margin Fixed expenses Net operating income If the company sells 5,500 units, its total contribution margin should be closest to: Note: Do not round Intermediate calculations. Multiple Choice O $92,400 $78,705 $19,726 $ 126,900 59,643 67,257 50,400 $ 16,857 $67,257
Transcribed Image Text:Sorin Incorporated, a company that produces and sells a single product, has provided its contribution format Income statement for January. Sales (4,700 units) Variable expenses Contribution margin Fixed expenses Net operating income If the company sells 5,500 units, its total contribution margin should be closest to: Note: Do not round Intermediate calculations. Multiple Choice O $92,400 $78,705 $19,726 $ 126,900 59,643 67,257 50,400 $ 16,857 $67,257
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