Question: Lasseter Corporation has provided its contribution format income statement for August. The company produces and sells a single product. Sales (3,800 units) $ 95,000 Variable

Lasseter Corporation has provided its contribution format income statement for August. The company produces and sells a single product.

Sales (3,800 units)$95,000
Variable expenses38,000
Contribution margin57,000
Fixed expenses43,600
Net operating income$13,400

If the company sells 3,900 units, its total contribution margin should be closest to:

$13,753
$57,000
$58,500
$59,500

Step by Step Solution

3.41 Rating (148 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Contribution margin is the amount after making deduction of variables expense... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!