During its most recent fiscal year, Raphael Enterprises sold 380,000 electric screwdrivers at a price of $20.40 each. Fixed costs amounted to $1,444,000 and pretax income was $1,824,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question? a. $4,484,000. b. $3,268,000. c. $5,928,000. d. $3,752,000. e. $3,040,000.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “During its most recent fiscal year, Raphael Enterprises sold 380,000 electric screwdrivers at a price of $20.40 each. Fixed costs amounted ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A firm has a cost of debt of 7.5 percent and a cost of equity of 16.2 percent. the debt-equity ratio is 0.45. there are no taxes. what is the firm's weighted average cost of capital
Answers (1)
True or false. hospital bylaws define the process for documentation within a health record for all members of the workforce.
Answers (1)
Suppose you have a choice of working full-time during the summer or going full-time to summer school. Summer tuition and books are $2,200. If you worked, you could make $7,000. Your rent is $1,000 for the summer, regardless of your choice.
Answers (1)
Which of the following is NOT a benefit of planning? Employees put forth greater effort when following a plan Planning leads employees to work hard for long periods Planning leads to quick adaptation in dynamic environments Planning encourages the
Answers (1)
Cynthia, a copy editor at a leading daily newspaper, wants one month's leave from work. Because of tight deadlines, her supervisor attempts to persuade her to cancel her leave by offering her a pay hike. However, Cynthia declines his offer.
Answers (1)
New Questions in Business
When discussing the balance of trade, which of the following is an umbrella statistic that encompasses the other three?
Answers (1)
Castillo Company has a defined benefit pension plan. At the end of the reporting year, the following data were available: beginning PBO, $81,000; service cost, $18,600; interest cost, $5,600; benefits paid for the year, $9,600; ending PBO, $95,600;
Answers (1)
Tina Dooley, a salesperson, ordered this listing in the real estate section of the local phone directory: Tina Dooley, Real Estate Salesperson, Residential Property My Specialty." What additional information must be included
Answers (1)
Tomika Corporation has current and accumulated earnings and profits of $0. Tomika distributes $10,000 to its sole shareholder, Alana. What are Tomika's earnings and profits after the distribution? A. $0 B. ($10,000) C. $10,000 D. none of the above
Answers (1)
An HR manager for PepsiCo, a company known for its commitment to diversity, is seeking to hire employees who are very comfortable with racial, cultural, and sexual diversity.
Answers (1)