4 Marchman Corporation has provided its contribution format income statement for April. Sales 1,703,000 Variable Expenses 439,000 Contribution Margin 1,264,000 Fixed Expenses 1,129,400 Net Operating Income 134,600 If the company's sales increase by 10%, its net operating income should increase by about: A) 10.00% B) 10.64% C) 93.90% D) 34.60%

4 Marchman Corporation has provided its contribution format income statement for April. Sales 1,703,000 Variable Expenses 439,000 Contribution Margin 1,264,000 Fixed Expenses 1,129,400 Net Operating Income 134,600 If the company's sales increase by 10%, its net operating income should increase by about: A) 10.00% B) 10.64% C) 93.90% D) 34.60%

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 20MC: Wallace Industries has total contribution margin of $58,560 and net income of $24,400 for the month...

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