FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November.
Sales (7,800 units)
Variable expenses
$ 413,400
257,400
156,000
103,500
Contribution margin
$ 52,500
Fixed expenses
Net operating income
If the company sells 7,700 units, its net operating income should be closest to: (Do not round intermediate calculations.)
Multiple Choice
$50,500
$48,000
O $51,979
$52,500
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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 (7,800 units) Variable expenses $ 413,400 257,400 156,000 103,500 Contribution margin $ 52,500 Fixed expenses Net operating income If the company sells 7,700 units, its net operating income should be closest to: (Do not round intermediate calculations.) Multiple Choice $50,500 $48,000 O $51,979 $52,500
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