Chapter 5 Practice QZ Stauffer Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range 1 2 points Sales (8,000 units) Variable expenses Contribution margin Fixed expenses Net operating income $320, eee 192,000 128,000 118,400 $ 9,600 2 000 The variable expense ratio is closest to The variable expense ratio is closest to: 1 Multiple Choice points 60% 00:46:00 40% 0. 679 33% Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November 2 3 Sales (6,489 units) Variable expenses Contribution margin Fixed expenses Net operating income $403,200 275,200 128,000 103,500 $ 24,500 00:45 11 If the company sells 6.300 units, its net operating income should be closest to: (Do not round intermediate calculations.) 2 paints Multiple Choice 3 6002 $23.979 $22.500 $24.500 $20,000 Wight Corporation has provided its contribution format Income statement for June. The company produces and sells a single product, 3 Sales (4,200 units) Variable expenses Contribution margin Fixed expenses Net operating income $138,600 58,800 79,800 44,488 $ 35,480 points 8 00:45:07 If the company sells 4,300 units, its total contribution margin should be closest to: (Do not round intermediate calculations.) 3 3 points Multiple Choice $36.243 $79.800 $81,700 $83.100