Question
XYZ Corporation manufactures a single product. During the second quarter, it produced 8,000 units and sold 6,000 units. The selling price per unit is $50,
XYZ Corporation manufactures a single product. During the second quarter, it produced 8,000 units and sold 6,000 units. The selling price per unit is $50, and the variable cost per unit is $30. The company incurred fixed costs of $40,000 during the same period. Calculate the operating income for the second quarter.
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Survey of Accounting
Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds, Frances McNair, Bor Yi Tsay
5th edition
1259631125, 978-1259631122
