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During its most recent fiscal year, Raphael Enterprises sold 200,000 electric screwdrivers at a price of $15 each. Fixed costs amounted to $400,000 and income
During its most recent fiscal year, Raphael Enterprises sold 200,000 electric screwdrivers at a price of $15 each. Fixed costs amounted to $400,000 and 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?
During its most recent fiscal year, Raphael Enterprises sold 200,000 electric screwdrivers at a price of $15 each. Fixed costs amounted to $400,000 and 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? Multiple Choice $2,400,000. $1,600,000. $3,000,000. $2,000,000. $1,000,000
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