Contribution margin Variable selling expenses Net operating income Fixed administrative expenses Fixed selling expenses Variable administrative expenses $ 114,000 $ 25,000 $ 30,000 $ ? $ 40,000 $ 5,000 What is the amount of fixed administrative expenses? Multiple Choice $84,000 $74,000 $54,000 $44,000 $ Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Fixed selling expenses Fixed administrative expenses Beginning merchandise inventory Ending merchandise inventory Merchandise purchases 20,000 $ 30 $ 3.2 2.2 $ 30,000 $ 50,000 $ 24,000 $ 19,000 $340,000 What is the net operating income? Multiple Choice $47,000 $67.000 $77,000 What is the net operating income? Multiple Choice $47.000 $67,000 $77,000 $57,000