Sorin Inc, a company that produces and sells a single product, has provided its contribution format income
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Question:
Sorin Inc, a company that produces and sells a single product, has provided its contribution format income statement for January.
Sales (5,000 units) | $145,000 |
Variable expenses | $69,600 |
Contribution margin | $75,400 |
Fixed expenses | $59,600 |
Net operating income | $15,800 |
If the company sells 5,300 units, what is the total contribution margin?
Related Book For
Basic Business Statistics Concepts and Applications
ISBN: 978-0132168380
12th edition
Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel
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