Lepage Corporation Has Provided Its Contribution Format Income Statement for January

question 159

Multiple Choice

Lepage Corporation has provided its contribution format income statement for January. The company produces and sells a single product. If the company sells 4,700 units, its total contribution margin should be closest to:

• A)$83,600
• B)$18,373
• C)$89,300
• D)$98,000

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Definitions:

Anticipate Problems

The ability to foresee potential issues or obstacles in advance and prepare to address them.

Results-Driven

A focus or strategy that emphasizes achieving specific outcomes or goals, often within a particular time frame.

Setting Objectives

The act of defining clear, measurable goals that an organization or individual plans to achieve within a specific timeframe.

Determine

To decisively ascertain or conclude information from evidence or reasoning.