FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Robusta Coffee Importers sold 7,000 units in October at a sales price of $45 per unit. The variable cost is $20 per unit. The monthly

image text in transcribed

Robusta Coffee Importers sold 7,000 units in October at a sales price of $45 per unit. The variable cost is $20 per unit. The monthly fixed costs are $8,000. What is the operating income earned in October? A. $315,000 B. $175,000 C. $167,000 D. $140,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting Foundations And Evolutions

Cost Accounting Foundations And Evolutions

Authors: Michael R. Kinney, Cecily A. Raiborn

7th Edition

0324560559, 978-0324560558

More Books

Students also viewed these Accounting questions

Question

★★★★★
Convert each of the following fractions into decimal form. If appropriate, place a dot above a decimal number to show that it repeats. a. 11 / 8 b. 7 / 4 c. 5 / 3 d. 5 / 6 e. 11 / 6

Answered: 1 week ago

Question

★★★★★
At the beginning of each week, a machine is in one of four conditions (states): excellent (E), good (G), average (A), or bad (B). The weekly revenue earned by a machine in each type of condition is...

Answered: 1 week ago

Question

★★★★★
=+d) Create the c chart for this two-week period.

Answered: 1 week ago

Question

★★★★★
Watney Inc. purchased $10,000 of 6% Hamel bonds at par on July 1, 2013. The bonds pay interest semiannually. Watney intends to hold the Hamel bonds for the life of the bonds. During the second half...

Answered: 1 week ago

Question

★★★★★
ageNowv2 I Onlir Q 1617,18 moodle quizzes Flv genow.com/ilm/takeAssignment takeAssignment Mandoinvoker= assignments&takeAssignn Calculator The following information is available from the current...

Answered: 1 week ago

Question

★★★★★
Fitch Company uses the periodic LIFO inventory method. Here is the information for May 2019: 31 Fitch Company uses the periodic LIFO inventory method. Here is the information for May 2019: Cost/unit...

Answered: 1 week ago

Question

★★★★★
Case D Mr. Smith was transferred from the Coronary Care Unit to a semi-private room in Hapless Hospital. He decided to leave the hospital because he did not like his new accommodations or having a...

Answered: 1 week ago

Question

★★★★★
Think about Goleman's 6 leadership styles, and discuss how you think Goleman's leadership styles relate to the 4 quadrants of EI and the leadership styles outlined in this leadership questionnaire....

Answered: 1 week ago

Question

★★★★★
In explaining why monetary policy did not pull Japan out of a recession in the early 2000s, an official at the Bank of Japan was quoted as saying that despite "major increases in the money supply"...

Answered: 1 week ago

Question

★★★★★
2. [4 points] Find the constrained minimum and maximum values of the function f(x, y) = (x-2y)2 subject to the constraint x + y = 5, as well as all points at which they occur.

Answered: 1 week ago

Question

★★★★★
The FDIC asserted gross negligence by Crowe. Allegedly, there was concealment and collusion to pep petrate a fraud within the bank and from outside sources. Crowe was held to the AICPA's standards...

Answered: 1 week ago

Question

★★★★★
2. How might you assess the accuracy of Jims attributions? What questions could you ask him to help you decide whether his perceptions are well founded or biased? Apply what youve learned in this...

Answered: 1 week ago

Question

★★★★★
4. What could you say to Jim to help him and his parents reach a shared perspective on his academic work? Apply what youve learned in this chapter by analyzing the following case study, using the...

Answered: 1 week ago

Question

★★★★★
1. Learn more about factinference confusion and other ways in which language and perception affect our thinking by visiting the website of the Institute of General Semantics. You can access it by...

Answered: 1 week ago

Previous Question Next Question