Lasseter Corporation has provided its contribution format income statement for August. The company produces and sells a
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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 expenses | 38,000 | |
Contribution margin | 57,000 | |
Fixed expenses | 43,600 | |
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 |
Related Book For
Managerial accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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