Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following information is for Alex Corp: Product X: Revenue $11.00 Variable Cost $3.50 Product Y: Revenue $19.50 Variable Cost $14.50 Total fixed costs $22,000

The following information is for Alex Corp:

Product X: Revenue

$11.00

Variable Cost

$3.50

Product Y: Revenue

$19.50

Variable Cost

$14.50

Total fixed costs

$22,000

What is the operating income, assuming actual sales total 240,000units, and the sales mix is two units of Product X and one unit of Product Y?

A.1,578,000

B.3,320,000

C.1,622,000

D.1,600,000

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

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Students also viewed these Accounting questions

Question

How might a defamation of character charge result from a dismissal?

Answered: 1 week ago