Last year, lerrific Copying had total revenue of $475 000, while operating at 60% of capacity. The total of its variable cost is $150 000. Fixed costs were $ 000. If the current selling price, variable costs, and fixed costs are the same a last year, what net income can be expected from revenue of $500 000 in the current year Select one: O A. $1 184 210 B. $346 260 C. $394 737 D. $1 418 216

Last year, lerrific Copying had total revenue of $475 000, while operating at 60% of capacity. The total of its variable cost is $150 000. Fixed costs were $ 000. If the current selling price, variable costs, and fixed costs are the same a last year, what net income can be expected from revenue of $500 000 in the current year Select one: O A. $1 184 210 B. $346 260 C. $394 737 D. $1 418 216

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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Question

Last year, Terrific Copying had total revenue of $475 000, while operating at
60% of capacity. The total of its variable cost is $150 000. Fixed costs were $180
000. If the current selling price, variable costs, and fixed costs are the same as
last year, what net income can be expected from revenue of $500 000 in the
current year
Select one:
A. $1 184 210
B. $346 260
C. $394 737
D. $1 418 216
E. $381 388

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