Sand Inc., a company that produces and sells a single product, has provided its contribution format income statement for January. Sales (4,300 units) 94,600 Variable expenses 47,300 Contribution margin 47,300 Fixed expenses 35,000

Sand Inc., a company that produces and sells a single product, has provided its contribution format income statement for January. Sales (4,300 units) 94,600 Variable expenses 47,300 Contribution margin 47,300 Fixed expenses 35,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Sand Inc., a company that produces and sells a single product, has provided its contribution format income
statement for January.
Sales (4,300 units)
94,600
Variable expenses
47,300
Contribution margin
47,300
Fixed expenses
35,000
Net operating income
12,300
If the company sells 4,900 units, its total contribution margin should be closest to: (Do not round
intermediate calculations.)

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