In 2023, TechGear Inc. sold 5,000 units at 800each. Variablecostswere800each.Variable costswere550 per unit, and fixed costs totaled $1,000,000. What was TechGear's 2023 net income?

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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i need this question answer general accounting question

In 2023, TechGear Inc. sold 5,000 units
at 800each. Variablecostswere800each.Variable
costswere550 per unit, and fixed costs totaled
$1,000,000.
What was TechGear's 2023 net income?
Transcribed Image Text:In 2023, TechGear Inc. sold 5,000 units at 800each. Variablecostswere800each.Variable costswere550 per unit, and fixed costs totaled $1,000,000. What was TechGear's 2023 net income?
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