Sorin Incorporated, a company that produces and sells a single product, has provided its contribution format income statement for January. Sales (3,600 units) $108,000
Variable expenses 49,680
Contribution margin 58,320
Fixed expenses 44,300
Net operating income $14,020

If the company sells 4,600 units, its total contribution margin should be closest to:

a. $54,600
b. $59,800
c. $69,400
d. $13,362

Acompany recorded a check in its accounting records as $87. however, the check was actually written for $78 and it cleared the bank as $78. what adjustment is needed to the personal statement? a. decrease by $9 b. increase by $9 c. decrease by $18 d. increase by $9

Hi inr 2002 class! i just uploaded a detailed study guide for this class. you can check-out a free preview by following the link below feel free to reach-out to me if you need a study buddy or have any questions. goodluck!

Krier industries has just completed its sales forecasts and its marketing department estimates that the company will sell 43,800 units during the upcoming year. in the past, management has maintained inventories of finished goods at approximately 3 months' sales. however, the estimated inventory at the start of the year of the budget period is only 7,300 units. sales occur evenly throughout the year. what is the estimated production level (units) for the first month of the upcoming budget year?