Dartmount Corporation has provided its contribution format income statement for June. The company produces and sells a single product. Sales (2,900 units) $ 275,500 Variable costs 116,000 Contribution margin 159,500 Fixed costs 136,100 Operating profit $ 23,400 If the company sells 3,200 units, its total contribution margin should be closest to:
Dartmount Corporation has provided its contribution format income statement for June. The company produces and sells a single product. Sales (2,900 units) $ 275,500 Variable costs 116,000 Contribution margin 159,500 Fixed costs 136,100 Operating profit $ 23,400 If the company sells 3,200 units, its total contribution margin should be closest to:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Dartmount Corporation has provided its contribution format income statement for June. The company produces and sells a single product.
Sales (2,900 units) | $ 275,500 |
---|---|
Variable costs | 116,000 |
Contribution margin | 159,500 |
Fixed costs | 136,100 |
Operating profit | $ 23,400 |
If the company sells 3,200 units, its total contribution margin should be closest to:
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