Wright Corporation's Contribution Format Income Statement for Last Month Appears

question 146

Multiple Choice

Wright Corporation's contribution format income statement for last month appears below.There were no beginning or ending inventories. The company produced and sold 3,000 units during the month.
-If sales decrease by 500 units by next month,by how much would fixed expenses have to be reduced to maintain the current net operating income?

• A)$7,500
• B)$6,000
• C)$2,000
• D)$3,000

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Definitions:

Control Samples

Specimens or materials used as a standard of comparison for checking the results of an experiment or test.

Positive And Negative

Terms used to describe the presence or absence of a condition or property, often used in scientific and medical testing.

Oculars

Refers to the eyepieces on optical devices, such as microscopes and telescopes, that magnify images for viewing.

Magnifying Lens

An optical device used to make small objects appear larger by focusing light through a convex lens.