Solution-What amount should have been reported as variable

What amount should have been reported as variable costs

Reference no: EM132597363

Question - During its most recent fiscal year, Raphael Enterprises sold 280,000 electric screwdrivers at a price of $17.40 each. Fixed costs amounted to $784,000 and pretax income was $1,064,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question?

a. $1,848,000

b. $3,808,000

c. $2,240,000

d. $4,872,000

Reference no: EM132597363

Questions Cloud

What permanent adjustments on schedule : What Permanent adjustments on Schedule M-1 (Form 1065) include? A partner's outside basis in a partnership will generally equal their

Possible benefits and limitations of approach : Have you ever wondered about the likelihood of an event occurring?

Define how will the given impact cloud technology jobs : Researchers of five European universities have developed a cloud-computing program that allows robots connected to the Internet direct access to the powerful.

Regarding homeland security : what is the one thing you would like to learn more about and why? What are your closing thoughts regarding homeland security?

What amount should have been reported as variable costs : What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question

Demonstrate the application of theory to workplace : Be able to apply knowledge and theory gained in their courses of study within current workplace or in their future employment.

Value of statistical life in healthcare systems : Make an argument in favor or against the concept of 'value of statistical life' in healthcare systems.

What is hawdware net remittance to rock on december : Under PFRS 15, what is HAWDWARE's net remittance to ROCK on December 31, 2020?On December 1, 2020 ROCKY Inc. delivered 100 sacks of a new cement product

Motivation and incentive systems : Determine how managers can utilize an evaluation and incentive system to motivate project teams of selectionist (sub) projects.

User Account

All Pages

What amount should have been reported as variable costs

Reference no: EM132597363

Reference no: EM132597363

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

Break-even sales volume and dollars

The tingey company has 400 obsolete microcomputers that are

What is the journal entry to record the repayment

What was the companys revenue for the year

Pamela quinn started her own consulting firm

What is the purpose of closing the books

Make a journal entry to record construction costs

Determine the total manufacturing costs incurred

Prepare the journal entry to record the sale of these bonds

Differences between temporary and permanent differences

Discuss on the company sustainability report

Prepare all the general journal entries

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT