Decaprio Incorporated produces and sells a single product. The company has provided its contribution format income statement for June. Sales (5,600 units) Variable expenses Contribution margin Fixed expenses $ 224,000 117,600 106,400 86, 700 $ 19,700 Net operating income If the company sells 5,800 units, its net operating income should be closest to: (Do not round intermediate calculations.) Multiple Choice $23,500 $19,700 $27,700 $20,404

Principles of Accounting Volume 2
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ISBN:9781947172609
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Chapter6: Activity-based, Variable, And Absorption Costing
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Decaprio Incorporated produces and sells a single product. The company has provided its contribution format income statement for June.
Sales (5,600 units)
Variable expenses
Contribution margin
$ 224,000
117,600
106,400
Fixed expenses
86,700
Net operating income
$ 19,700
If the company sells 5,800 units, its net operating income should be closest to: (Do not round intermediate calculations.)
Multiple Choice
$23,500
$19.700
$27,700
$20,404
Transcribed Image Text:Decaprio Incorporated produces and sells a single product. The company has provided its contribution format income statement for June. Sales (5,600 units) Variable expenses Contribution margin $ 224,000 117,600 106,400 Fixed expenses 86,700 Net operating income $ 19,700 If the company sells 5,800 units, its net operating income should be closest to: (Do not round intermediate calculations.) Multiple Choice $23,500 $19.700 $27,700 $20,404
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