Wight Corporation has provided its contribution format income statement for June. The company produces and sells a single product. Sales (9,600 units)$336,000Variable expenses 144,000Contribution margin 192,000Fixed expenses 137,000Net operating income$55,000 If the company sells 9,100 units, its total contribution margin should be closest to:
A. $192,000
B. $52,135
C. $182,000
D. $174,500
Answer: C
You might also like to view...
A contract that makes the owner of a security a part owner of the company that issued the security is known as
A. a debt security. B. an equity security. C. a bond. D. an option.
What is the advantage of the free-form layout to the consumer?
A. Customers feel they are in an intimate and relaxed environment and are more likely to buy. B. Customers are exposed to a large quantity of merchandise. C. Customers can easily find merchandise in the store with this type of layout. D. Customers can purchase merchandise at a lower price in this type of layout. E. The layout guides the customer through the store.
A law firm collected $2100 in advance for work to be performed in three months. Which of the following general journal entries will the firm make to record this transaction?
A. Debit Cash, $2100; credit Unearned Legal Fees Revenue, $2100. B. Debit Accounts Receivable, $2100; credit Unearned Legal Fees Revenue, $2100. C. Debit Accounts Receivable, $2100; credit Legal Fees Revenue, $2100. D. Debit Cash, $2100; credit Accounts Receivable, $2100. E. Debit Legal Fees Revenue, $2100; credit Accounts Receivable, $2100.
A(n) ________ forecast uses an average of the most recent periods of data to forecast the next period
Fill in the blanks with correct word