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ra1l [238]
3 years ago
11

Wight Corporation has provided its contribution format income statement for June. The company produces and sells a single produc

t. Sales (5,200 units)$176,800 Variable expenses 78,000 Contribution margin 98,800 Fixed expenses 46,400 Net operating income$52,400 If the company sells 5,300 units, its total contribution margin should be closest to: (Do not round intermediate calculations.) Multiple Choice $53,408 $98,800 $100,700 $102,200
Business
1 answer:
deff fn [24]3 years ago
4 0

Answer:

See below

Explanation:

The total contribution margin would be

Contributions margin is calculated as;

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Answer: 18,000

Explanation:

Liability policy:

Insurance\ expense\ per\ month=\frac{Prepaid\ Insurance\ for\ liability\ policy}{Period\ of\ policy}

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Crop damage policy:

Insurance\ expense\ per\ month=\frac{Prepaid\ Insurance\ for\ crop\ damage\ policy}{Period\ of\ policy}

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Insurance expense 2018:

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Prepaid insurance balance for crop damage policy on 31 Dec, 2018:

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Total prepaid insurance balance on 31 Dec 2018:

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