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OHare Corporation has provided its contribution format income statement for January. The company produces and sells a single product. Sales (2,900 units) 269,700 Variable Expenses

OHare Corporation has provided its contribution format income statement for January. The company produces and sells a single product. Sales (2,900 units) 269,700

Variable Expenses 107,300

CM 162,400

Fixed Expenses 137,100

Net Operating Income 25,300 If the company sells 3,100 units, its total contribution margin should be closest to: A. $27,045 B. $181,000 C. $162,400 D. $173,600

McKillop Inc. produces and sells a single product. The company has provided its contribution format income statement for May.

Sales (4,500 units) 427,500

Variable Expenses 265,000

CM 162,000

Fixed Expenses 135,300

Net Operating Income 26,700 If the company sells 4,300 units, its net operating income should be closest to: A. $7,700 B. $25,513 C. $26,700 D. $19,500

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