During its most recent fiscal year, Raphael Enterprises sold 210,000 electric screwdrivers at a price of $15.30 each. Fixed costs amounted to $441,000 and pretax income was $651,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question?   Multiple Choice   $2,562,000.   $1,092,000.   $3,213,000.   $2,121,000.   $1,680,000.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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During its most recent fiscal year, Raphael Enterprises sold 210,000 electric screwdrivers at a price of $15.30 each. Fixed costs amounted to $441,000 and pretax income was $651,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question?

 

Multiple Choice
  •  

    $2,562,000.

  •  

    $1,092,000.

  •  

    $3,213,000.

  •  

    $2,121,000.

  •  

    $1,680,000.

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