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During its most recent fiscal year, Raphael Enterprises sold 200,000 electric screwdrivers at a price of $15.00 each. Fixed costs amounted to $400,000 and pretax
During its most recent fiscal year, Raphael Enterprises sold 200,000 electric screwdrivers at a price of $15.00 each. Fixed costs amounted to $400,000 and pretax income was $600,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question? $2,000,000. $1,000,000. $2,400,000. $3,000,000. $1,600,000.
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