Carbbean Company sold 100,000 gizmos at $12 each. Fixed costs were $300,000 and net income was $200,000. What should have been reported as variable expense in the CVP income statement? Solect one: a. S700,000 O b. $1,000,000 O. $900,000 O d. 5500,000

Carbbean Company sold 100,000 gizmos at $12 each. Fixed costs were $300,000 and net income was $200,000. What should have been reported as variable expense in the CVP income statement? Solect one: a. S700,000 O b. $1,000,000 O. $900,000 O d. 5500,000

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter16: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 29E

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based on the attached what is the answer?

Caribbean Company sold 100,000 gizmos at $12 each. Fixed costs were $300,000 and net income was
$200,000. What should have been reported as variable expense in the CVP income statemant?
Select one:
a. S700,000
O b. $1,000,000
O . $900.000
O d. 5500,000

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