Question
QRS Company produces a single product. During the month of May, it produced 70,000 units and sold 65,000 units. The selling price per unit is
QRS Company produces a single product. During the month of May, it produced 70,000 units and sold 65,000 units. The selling price per unit is $350, and the variable cost per unit is $200. The company incurred fixed costs of $200,000 during the same period. Calculate the operating income for May.
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Survey of Accounting
Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds, Frances McNair, Bor Yi Tsay
5th edition
1259631125, 978-1259631122
