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During its most recent fiscal year, Raphael Enterprises sold 230,000 electric screwdrivers at a price of $15.90 each. Fixed costs amounted to $529,000 and pretax
During its most recent fiscal year, Raphael Enterprises sold 230,000 electric screwdrivers at a price of $15.90 each. Fixed costs amounted to $529,000 and pretax income was $759,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question? $1,840,000. $1,288,000. $2,369,000. $2,898,000. $3,657,000.
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