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Business, 07.01.2021 18:40, Vanessar3143
Souza Inc, which produces and sells a single product, has provided its contribution format income statement for October.
Sales (4,000 units) $88,000
Variable expenses 40,000
Contribution margin 48,000
Fixed expenses 41,700
Net operating income $6,300
If the company sells 3,500 units, its net operating income should be closest to:
a. $5,513
b. -$4,700
c. $6,300
d. $300
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Answers: 3
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