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Sorin Incorporated, a company that produces and sells a single product, has provided its contribution format income statement for January. Sales (3,400 units) $ 112,200
Sorin Incorporated, a company that produces and sells a single product, has provided its contribution format income statement for January.
Sales (3,400 units) | $ 112,200 |
---|---|
Variable expenses | 50,490 |
Contribution margin | 61,710 |
Fixed expenses | 45,700 |
Net operating income | $ 16,010 |
If the company sells 3,900 units, its total contribution margin should be closest to:
$61,710
$70,785
$92,700
$18,364
None of the answer selections are correct.
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