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3 years ago

Selling price per unit is $68

Business

1 answer:

kari74 [83]3 years ago

4 0

Answer:

Income statement

Sales Revenue $ 612,000

Variable Overhead cost $ (315,000)

Fixed manufacturing overhead $ ( 126,000)

Gross Profit $ 171,000

Variable Operating expenses $ ( 27,000)

Fixed Operating expenses $( 93,000)

Net Income $ 51,000

Explanation:

Income statement

Sales Revenue ( 9,000 units * $ 68) $ 612,000

Variable Overhead cost ( 9,000 * $ 35 ) $ (315,000)

Fixed manufacturing overhead $ ( 126,000)

Gross Profit $ 171,000

Variable Operating expenses ( $ 3 * 9000 units) $ ( 27,000)

Fixed Operating expenses $( 93,000)

Net Income $ 51,000

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