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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

Accounting

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

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