Answer:
Instructions are listed below.
Explanation:
Giving the following information:
The selling price is $110 per crate, variable costs are $90 per crate, and fixed costs are $272,000 per year. In the year 2008, Florida Berry Basket sold 49,000 crate.
Sales= 110*49,000= 5,390,000
Variable costs= 4,410,000 (-)
Contribution margin= 980,000
Fixed costs= 272,000 (-)
Net operating income= 708,000
