FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Decaprio Incorporated produces and sells a single product. The company has provided its contribution format income statement for June.
Sales (6,300 units) | $ 220,500 |
---|---|
Variable expenses | 113,400 |
Contribution margin | 107,100 |
Fixed expenses | 88,100 |
Net operating income | $ 19,000 |
If the company sells 6,500 units, its net operating income should be closest to
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