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Lasseter Corporation has provided its contribution format income statement for August. The company produces and sells a single product. Sales (4,500 units)$180,000 Variable expenses 81,000
Lasseter Corporation has provided its contribution format income statement for August. The company produces and sells a single product.
Sales (4,500 units)$180,000
Variable expenses 81,000
Contribution margin 99,000
Fixed expenses 45,000
Net operating income$54,000
If the company sells 4,600 units, its total contribution margin should be closest to:
$55,200
$99,000
$101,200
$103,000
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