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Homework answers / question archive / Lister Corporation has provided the following contribution format income statement
Lister Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range.
Sales (3,000 units) $90,000
Variable expenses 58,500
Contribution margin 31,500
Fixed expenses 21,000
Net operating income $10,500
If sales decline to 2,900 units, the net operating income would be closest to:
A) $1,050
B) $30,450
C) $10,150
D) $9,450