Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (5,700 units)$319,200Variable expenses 188,100Contribution margin 131,100Fixed expenses 106,500Net operating income$24,600If the company sells 5,300 units, its net operating income should be closest to:
A. $22,874
B. $15,400
C. $24,600
D. $2,200
Answer: B
You might also like to view...
Which of the following statements is true of geographic pricing for freight?
A. Freight absorption pricing is atactic that requires a buyer to absorb the freight costs from the shipping point. B. Uniform delivered pricingdivides the United States into segments or zones and charges a flat freight rate to all customers in a given zone. C. Postage stamp pricing is adopted when the marketing manager wants total coststo be equal for all purchasers of identical products. D. With basing-point pricing, a seller designates a location as a basing point so that all buyers are not charged the freight cost from that point.
Service companies such as hotels and concert halls offer premium and economy rooms and seats under different price ranges. This technique is an illustration of which of the following yield management strategies?
A. overbooking B. adjusting prices to augment demand C. annualized hours strategy D. using different fare classes to partition demand
The joint ownership of property is a method of accomplishing a property transfer without a will.
Answer the following statement true (T) or false (F)
Falling objects is a named peril for coverage of personal property in a HO-3 policy
Indicate whether the statement is true or false