I won't this question answer general Accounting not use ai Hinge Manufacturing's cost of goods sold is $420,000variable and $240,000 fixed. The company's sellingand administrative expenses are $300,000 variable and$360,000 fixed. If the company's sales is $1,580,000,what is its net income?

Step 1: Define Selling ExpensesSelling Expenses pertain to the costs incurred in selling and…

Answered: Hinge Manufacturing's cost of goods…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 5EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...

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Hinge Manufacturing's cost of goods sold is $420,000 variable and $240,000 fixed. The company's selling and administrative expenses are $300,000 variable and $360,000 fixed. If the company's sales is $1,580,000, what is its net income?