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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 (7,600 units) $387,600 Variable
| Ofarrell Corporation, a company that produces and sells a single product, has provided its contribution format income statement for March. |
| Sales (7,600 units) | $387,600 |
| Variable expenses | 235,600 |
| Contribution margin | 152,000 |
| Fixed expenses | 103,500 |
| Net operating income | $48,500 |
| If the company sells 7,500 units, its net operating income should be closest to: |
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Interpreting and Analyzing Financial Statements
Authors: Karen P. Schoenebeck, Mark P. Holtzman
6th edition
132746247, 978-0132746243
