1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
deff fn [24]
3 years ago
11

During its most recent fiscal year, Raphael Enterprises sold 360,000 electric screwdrivers at a price of $19.80 each. Fixed cost

s amounted to $1,296,000 and pretax income was $1,656,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question?
a. $7,128,000.
b. $2,952,000.
c. $5,472,000.
d. $4,176,000.
e. $2,880,000.
Business
1 answer:
Lynna [10]3 years ago
3 0

Answer: Option (d) is correct.

Explanation:

Contribution margin = Fixed cost + Pretax Income

                                  = $1,296,000 + $1,656,000

                                  = $2,952,000

Variable cost = Sales - Contribution margin

                      = (360,000 units × $19.80 per unit) - $2,952,000

                      = $7,128,000 - $2,952,000

                      = $4,176,000

You might be interested in
Which type of analysis would be most useful to someone buying a product at a store?
tatuchka [14]
Hi dear.....
when a person buys a product in a store the first thing to do is to check the quality of the product He should check the manufactured date and the expiration date .
8 0
3 years ago
Why is Berkshire Hathaway underpreforming?
PIT_PIT [208]

Answer:

no sales

Explanation:

4 0
2 years ago
Which of the following do you NOT need to open a checking account?
pav-90 [236]

Answer: Opening a checking account, whether a personal or business checking account, is a relatively easy process as long as you’re prepared with the right information. It becomes even easier when you ...

Explanation:

8 0
3 years ago
A student is conducting a research project that involves using a survey. the survey asks participants about their highest level
iris [78.8K]

Exempt review

<span> An exempt review is a defined as one which poses minimum amounts of risk or threat to participants of a survey. Exempt reviews are also conducted anonymously, with no identifiable information of the participants collected. In this case since the student’s questions are fairly harmless and the anonymity of the subjects is maintained, it can be classified as an exempt review</span>
3 0
3 years ago
Research title related to ABM​
kow [346]

Answer:

They are: business, marketing, accounting, project management, and human resources.

Hope it helps...

4 0
2 years ago
Other questions:
  • Granite Company purchased a machine costing $136,000, terms 2/10, n/30. The machine was shipped FOB shipping point and freight c
    7·1 answer
  • If the supply of loanable funds decreases and the demand for loanable funds increases at the same time, interest rates will:
    8·1 answer
  • Southern Style Realty has total assets of $485,390, net fixed assets of $250,000, current liabilities of $23,456, and long-term
    15·1 answer
  • Your brother is starting 9th grade next year and is thinking about going to college. What steps would you recommend he take?
    6·1 answer
  • Shotguns are classified by: caliber bore choke gauge
    9·1 answer
  • ليش اخذنه ربعين احنه عدنه ثلاث ارباع
    8·2 answers
  • Personal Consumption Expenditures$4,500 Consumption of Fixed Capital150 Gross Private Domestic Investment800 Government Purchase
    9·1 answer
  • Who does not make a good reference?
    13·2 answers
  • Steven has 55 baseball cards. Steven and Lucas have more than 71 baseball cards together. Which of the following inequalities re
    8·2 answers
  • A person with a salesperson license who wishes to perform the acts requiring a real estate license must:____.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!