FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
9
Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income
statement for November.
Sales (6,800 units)
Variable expenses
Contribution margin
Fixed expenses
$401,200
265,200
136,000
103,500
Net operating income $32,500
If the company sells 6,700 units, its net operating income should be closest to: (Do not round intermediate calculations.)
O $30,500
$28,000
O $32,500
O $31,979
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Transcribed Image Text:Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (6,800 units) Variable expenses Contribution margin Fixed expenses $401,200 265,200 136,000 103,500 Net operating income $32,500 If the company sells 6,700 units, its net operating income should be closest to: (Do not round intermediate calculations.) O $30,500 $28,000 O $32,500 O $31,979
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