A cement manufacturer has supplied the following data: Tons of cement produced and sold 680,000Sales revenue$2,788,000Variable manufacturing expense$1,156,000Fixed manufacturing expense$760,000Variable selling and administrative expense$272,000Fixed selling and administrative expense$294,000Net operating income$306,000 If the company increases its unit sales volume by 4% without increasing its fixed expenses, then total net operating income should be closest to:
A. $12,240
B. $318,240
C. $311,973
D. $360,400
Answer: D
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