Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. during its most recent fiscal year, simon enterpri

During its most recent fiscal year, Simon Enterprises sold 200,000 electric screwdrivers at a price...

60.2K

Verified Solution

Question

Accounting

During its most recent fiscal year, Simon Enterprises sold 200,000 electric screwdrivers at a price of $15 each. Fixed costs amounted to $400,000 and pretax income was $600,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Solve the equation (? − 2)2 + 2?2 − 13? = 10 by the method requested. Show...

Basic Math
Q

An asset in the five-years MACRS property class costs $150,000 and has a zero estimated salvage...

Economics
Q

Lines Measured Distance (ft) AB 713.93 BC 606.06 CD 391.27 DA 781.18 Station Measured Angle X (ft) Y (ft) A 51°24? 2,517,347.31 395,025.36 B 107°39? C 76°15? D 124°32? Calculate the angular misclosure and adjust the interior angles. Compute the azimuth angles for the lines...

Civil Engineering
Q

A study regarding the relationship between age and the amount of pressure sales personnel feel in...

Basic Math
Q

4. "The first duty of business is to survive and guiding the principle of business economics...

General Management
Q

What instrument did Louis Armstrong play while performing jazz music O Saxophone O Clarinet O...

Biology
Q

e 1 5 f dx ex

Calculus
Q

The number of accidents that occur each day at a certain intersection along with the...

Algebra
Q

eBook Instructions Cost data for Sandusky Manufacturing Company for the month onded January 31 are...

Accounting
Q

The budgeted selling price per unit is $60. Budgeted unit sales for June, July, August,...

Accounting
Q

Rundle Information Services, Inc., has two service departments: human resources and billing. Rundle's operating departments,...

Accounting
Q

1. Which of the statements below best describes the purpose of a hotel business? a....

Finance