Gaudy Inc. produces and sells a single product. The company has provided its contribution format...
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Accounting
Gaudy Inc. produces and sells a single product. The company has provided its contribution format income statement for May.
Sales (5,100 units) $ 499,800
Variable costs 321,300
Contribution margin 178,500
Fixed costs 135,900
Operating profit $ 42,600
If the company sells 4,900 units, its operating profit should be closest to:
$33,929.
$40,929.
$7,000.
$35,600.
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