None Vazquez Company's cost of goods sold is $350,000variable and $200,000 fixed. The company's sellingand administrative expenses are $250,000 variableand $300,000 fixed. If the company's sales is$1,400,000, what is its net income?A) 300,000B) 900,000C) 800,000D) 850,000

Step 1: Definition of Net Income:Net income represents the difference between the sales revenue and…

Answered: Vazquez Company's cost of goods sold is…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter16: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 29E

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Vazquez Company's cost of goods sold is $350,000 variable and $200,000 fixed. The company's selling and administrative expenses are $250,000 variable and $300,000 fixed. If the company's sales is $1,400,000, what is its net income? A) 300,000 B) 900,000 C) 800,000 D) 850,000