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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 (6,600 units) $429,000 Variable
Ofarrell Corporation, a company that produces and sells a single product, has provided its contribution format income statement for March. |
Sales (6,600 units) | $429,000 |
Variable expenses | 297,000 |
Contribution margin | 132,000 |
Fixed expenses | 103,500 |
Net operating income | $28,500 |
If the company sells 6,500 units, its net operating income should be closest to: |
1.$26,500
2.$28,500
3.27,979
4.$24,000
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