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Ramona Company reported the following data. Price per unit = $10 Sales ➜ Variable cost per unit = $7 Fixed cost = $1,500 Number of units sold = 700 units price

Ramona Company reported the following data. Price per unit = $10 Sales ➜ Variable cost per unit = $7 Fixed cost = $1,500 Number of units sold = 700 units price

FINANCIAL ACCOUNTING
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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Ramona Company reported the following data. Price per unit = $10 Sales price Variable cost per unit = $7 Fixed cost = $1,500 Number of units sold = 700 units Given these data, compute NET INCOME. • $3,400 . • $1,200 • $5,500 • $600 • $800
Transcribed Image Text:Ramona Company reported the following data. Price per unit = $10 Sales price Variable cost per unit = $7 Fixed cost = $1,500 Number of units sold = 700 units Given these data, compute NET INCOME. • $3,400 . • $1,200 • $5,500 • $600 • $800
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