O’Hare Corporation has provided its contribution format income statement for January. The company produces and sells...
O’Hare Corporation has provided its contribution format income
statement for January. The company produces and sells a single
product.
Sales (2,900 units) 269,700
Variable Expenses 107,300
CM 162,400
Fixed Expenses 137,100
Net Operating Income 25,300
If the company sells 3,100 units, its total contribution margin
should be closest to:
A. $27,045
B. $181,000
C. $162,400
D. $173,600
McKillop Inc. produces and sells a single product. The company has provided its contribution format income statement for May.
Sales (4,500 units) 427,500
Variable Expenses 265,000
CM 162,000
Fixed Expenses 135,300
Net Operating Income 26,700
If the company sells 4,300 units, its net operating income should
be closest to:
A. $7,700
B. $25,513
C. $26,700
D. $19,500
Homework Answers
NOTE:Variable expense per unit and Total fixed costs do not change with change in units.
a.contribution margin per unit=$162400/2900 units=$56 per unit
Hence total contribution margin =($56*3100 units)=$173600.
b.contribution margin per unit=$162000/4500=$36 per unit
Total contribution margin for 4300 units=(4300*36)=$154800
Less:Fixed expenses=$135300
Net operating income=$19500.
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O’Hare Corporation has provided its contribution format income
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