Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November.

Sales (7,700 units)	$	400,400
Variable expenses		246,400
Contribution margin		154,000
Fixed expenses		103,500
Net operating income	$	50,500

If the company sells 7,600 units, its net operating income should be closest to: (Do not round intermediate calculations.)

Brewer 8e Rechecks 2018-06-19

Multiple Choice

• $48,500

• $50,500

• $46,000

• $49,979