Souza Incorporated, which produces and sells a single product, has provided its contribution format income statement for October. Sales (4,000 units) $ 88,000 Variable expenses 40,000 Contribution margin 48,000 Fixed expenses 41,700 Net operating income $ 6,300 f the company sells 3,600 units, its total contribution margin should be closest to: Multiple Choice $39,200 $48,000 $5,670 $43,200

Souza Incorporated, which produces and sells a single product, has provided its contribution format income statement for October. Sales (4,000 units) $ 88,000 Variable expenses 40,000 Contribution margin 48,000 Fixed expenses 41,700 Net operating income $ 6,300 f the company sells 3,600 units, its total contribution margin should be closest to: Multiple Choice $39,200 $48,000 $5,670 $43,200

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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Mechem Corporation produces and sells a single product. In April, the company sold 2,000 units. Its total sales were $160,000, its total variable expenses were $78,600, and its total fixed expenses were $55,500. Required: a. Construct the company's contribution format income statement for April. b. Redo the company's contribution format income statement assuming that the company sells 1,900 units. Complete this question by entering your answers in the tabs below. Required a Required b Construct the company's contribution format income statement for April. (Do not round intermediate calculations.) 0 0
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Help Save & Exit Submit Below is the contribution format income statement for a company based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin $ 55,000 33,000 22,000 14,960 $ 7,040 Fixed expenses Net operating income If the variable cost per unit increases by $1, spending on advertising increases by $1,450, and unit sales increase by 190 units, what would be the new net operating income? (All answers are whole numbers 1000 for one thousand. Negative numbers should be added with a minus sign, e.g., -1000 for a decrease or loss of one thousand.) unless specified otherwise. You should NOT include the $ sign or a comma. E.g., you should type Net operating income after the changes %24
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