Question
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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