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Dimitrov Corporation, a company that produces and sells a single product, has provided its contribution format income statement for July. Sales (6,300 units) $403,200 Variable
Dimitrov Corporation, a company that produces and sells a single product, has provided its contribution format income statement for July. |
Sales (6,300 units) | $403,200 |
Variable expenses | 277,200 |
Contribution margin | 126,000 |
Fixed expenses | 103,500 |
Net operating income | $ 22,500 |
If the company sells 6,200 units, its net operating income should be closest to: |
$22,500 | |
$20,500 | |
$21,979 | |
$18,000 |
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