Pottery Express Company sells ceramic pottery at a wholesale price of $15 per unit. The variable cost of manufacturing is $12 per unit. The fixed costs are $7,000 per month. Pottery Express sold 5, 500 units during this month. Calculate the operating income (loss) for this month. A. $9, 500 B. $16, 500 C. $(7,000) D. $ 66,000

Pottery Express Company sells ceramic pottery at a wholesale price of $15 per unit. The variable cost of manufacturing is $12 per unit. The fixed costs are $7,000 per month. Pottery Express sold 5, 500 units during this month. Calculate the operating income (loss) for this month. A. $9, 500 B. $16, 500 C. $(7,000) D. $ 66,000

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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