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Copr. Goedl Ariel Company reported the below cost and revenue formulas. Sales $27q Cost of goods sold $12q Salaries expense $5,500 per month Utilities expense
Copr. Goedl Ariel Company reported the below cost and revenue formulas. Sales $27q Cost of goods sold $12q Salaries expense $5,500 per month Utilities expense $125 plus $2.50q Rent expense $2,000 per month Misc expense $500 plus $3.25q They planned to sell 1,800 units and they actually sold 2,100 units. Following are the actual results from the period. Sales Cost of goods sold Gross margin Salaries expense Utilities expense Rent expense Misc. expense Net operating income What is net income for the planning budget? O $10,820 O $11 O $48,600 $58,500 24,800 $ 33,700 6,000 5,480 $8,525 2,000 9,400 $ 10,820
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