Choco Corp. manufactures boxes of chocolate candies. Its basic cost and profit information is summarized below: . . . Selling price per box: $6 Variable cost per box: $4 Fixed cost per year: $22,400 The company has the capacity to manufacture up to 100,000 boxes of its candy per year. Determine the net income at a volume of 30% of capacity. $37,600.00 $4,556.33 $32,569.44 $31,458.33 $4,545.55

Choco Corp. manufactures boxes of chocolate candies. Its basic cost and profit information is summarized below: . . . Selling price per box: $6 Variable cost per box: $4 Fixed cost per year: $22,400 The company has the capacity to manufacture up to 100,000 boxes of its candy per year. Determine the net income at a volume of 30% of capacity. $37,600.00 $4,556.33 $32,569.44 $31,458.33 $4,545.55

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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