Question
A company has the following financial information for last month: Sales $480,000 Less: Variable manufacturing cost -96,000 Fixed manufacturing cost -124,000 Variable selling & administration
A company has the following financial information for last month:
| Sales |
| $480,000 |
| Less: |
|
|
| Variable manufacturing cost |
| -96,000 |
| Fixed manufacturing cost |
| -124,000 |
| Variable selling & administration cost |
| -57,600 |
| Fixed selling & administration cost |
| -85,000 |
| Net Income |
| $117,400 |
Next month's sales are expected to be $518,400. What is the expected Net Income for next month?
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Managerial Accounting
Authors: Cataldo Cpa II, Cma Cgma A J
2nd Edition
1634929241, 978-1634929240
