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Jason Lewis Corporation (JLC), produces and sells a single product. Their contribution format income statement for November, selling 8000 units, is below. Sales ( 8000
Jason Lewis Corporation (JLC), produces and sells a single product. Their contribution format income statement for November, selling 8000 units, is below. Sales ( 8000 units) $ 440,000 Variable expenses 280,000 Contribution margin 160,000 Fixed expenses 103,500 $ 56,500 Net operating income If the JLC sells 7900 units, its net operating income should be closest to: $55,794 $54,500 O $56,500 $55,979
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