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Ofarrell Corporation, a company that produces and sells a single product, has provided its contribution format income statement for March. Sales (6,500 units) $403,000 Variable
Ofarrell Corporation, a company that produces and sells a single product, has provided its contribution format income statement for March. |
Sales (6,500 units) | $403,000 |
Variable expenses | 273,000 |
Contribution margin | 130,000 |
Fixed expenses | 103,500 |
Net operating income | $26,500 |
If the company sells 6,400 units, its net operating income should be closest to: |
$26,500
$22,000
$24,500
$25,979
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