Solution-Find what amount should have been reported as

Find what amount should have been reported as variable costs

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Reference no: EM132979201

Problem 1: During its most recent fiscal year, Raphael Enterprises sold 230,000 electric screwdrivers at a price of $15.90 each. Fixed costs amounted to $529,000 and pretax income was $759,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question?

Multiple Choice

Option 1: $3,657,000.
Option 2: $1,840,000.
Option 3: $2,369,000.
Option 4: $1,288,000.
Option 5: $2,898,000.

Reference no: EM132979201

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Find what amount should have been reported as variable costs

Reference no: EM132979201

Reference no: EM132979201

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