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Muscat company, reported the following results for May: Number of units 4,500 Selling price $25 Total Variable selling expense $13,500 Total Variable administrative $9,000 Total
Muscat company, reported the following results for May: Number of units 4,500 Selling price $25 Total Variable selling expense $13,500 Total Variable administrative $9,000 Total fixed selling expense $2,000 Total fixed administrative expense $3,000 Merchandise Beginning $9,000 Merchandise Purchase $2,500 Merchandise Ending $1,500 Based on traditional income statement Muscat company's net profit will be? a. $45,000 b. $40,000 $75,000 d. $102,500
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