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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 (7,200 units) $338,400 Variable
Ofarrell Corporation, a company that produces and sells a single product, has provided its contribution format income statement for March. Sales (7,200 units) $338,400 Variable expenses 194,400 Contribution margin 144,000 Fixed expenses 103,500 Net operating income $40,500 If the company sells 7,100 units, its net operating income should be closest to:
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