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Magic Realm, Inc. has developed a new fantasy board game. The company sold 15,000 games last year at a selling price of $19 per game.
Magic Realm, Inc. has developed a new fantasy board game. The company sold 15,000 games last year at a selling price of $19 per game. Fixed costs associated with the game total $175,000 per year, and variable costs are $5 per game. Production of the game is entrusted to a printing contractor. Variable costs consist mostly of payments to this contractor. Required: 1-a. Prepare an income statement for the game last year. Total Per Unit Sales
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