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17) A firm expects to sell 24,900 units of its product at $10.90 per unit and to incur variable costs per unit of $5.90. Total
17) A firm expects to sell 24,900 units of its product at $10.90 per unit and to incur variable costs per unit of $5.90. Total fixed costs are $69,000. The firm's net income is: A) $55,500. B) $69,000. C) $124,500. D) $146,910. E) $215,910. 18) During its most recent fiscal year, Dover, Incorporated had total sales of $3,380,000. Contribution margin amounted to $1,590,000 and income was $535,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year? A) $2,125,000. B) $2,845,000. C) $1,255,000. D) $1,055,000. E) $1,790,000. 19) During its most recent fiscal year, Dover, Incorporated had total sales of $3,400,000. Contribution margin amounted to $1,600,000 and income was $550,000. What amount should have been reported as fixed costs in the company's contribution margin income statement for the year? A) $2,150,000. B) $2,850,000. C) $1,250,000. D) $1,050,000. E) $1,800,000
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