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28 During its most recent fiscal year, Raphael Enterprises sold 300,000 electric screwdrivers at a price of $18.00 each. Fixed costs amounted to $900,000 and
28 During its most recent fiscal year, Raphael Enterprises sold 300,000 electric screwdrivers at a price of $18.00 each. Fixed costs amounted to $900,000 and pretax income was $1,200,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question? 10 points Multiple Choice X 03:22:23 O $2,400,000. eBook O $3,300,000. Ask O $5,400,000. O $2,100,000. $4,200,000. O The following information is available for a company's cost of sales over the last five months. 29 Month January February March April Units sold 430 830 1,750 2,430 Cost of sales $32,200 $38,500 $50,500 $62,500 10 points X 03:22:17 Using the high-low method, the estimated total fixed cost is: eBook Multiple Choice Ask $19,557 O $25,686. O $30,300 $102,744. O O $51,372 Morse Company reports total contribution margin of $70,490 and pretax net income of $13,300 for the current month. The degree of operating leverage is: 30 Multiple Choice 10 points 8 03:22:10 237.7% eBook 1.19 O Ask O 0.19 O 2.4 5.3 O
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