Question
Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (6,500 units) $ 403,000
Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November.
| Sales (6,500 units) | $ | 403,000 |
| Variable expenses | 273,000 | |
| Contribution margin | 130,000 | |
| Fixed expenses | 103,500 | |
| Net operating income | $ | 26,500 |
If the company sells 6,400 units, its net operating income should be closest to:
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Financial Accounting
Authors: Kermit D. Larson, William W. Pyle
4th Edition
0256067813, 978-0256067811
