If selling price per unit is $ 55, variable costs per unit are $ 29, total...
If selling price per unit is $ 55, variable costs per unit are
$ 29, total fixed costs are $ 20 comma 000, the tax rate is 30%,
and the company sells 8 comma 000 units, net income is
________.
A.
$ 188 comma 000
B.
$ 145 comma 600
C.
$ 76 comma 000
D.
Homework Answers
Correct answer------------$131,000
Working
| Sales revenue | $ 440,000 |
| Variable costs | $ 232,000 |
| Contribution margin | $ 208,000 |
| Fixed cost | $ 20,000 |
| Income before taxes | $ 188,000 |
| Income tax expense | $ 56,400 |
| Net income | $ 131,600 |
Please leave a comment in case of any confusion.
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If selling price per unit is $ 55, variable costs per unit are
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If selling price per unit is $45, variable costs per unit are $30, total fixed costs...
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If selling price per unit is $45 variable costs per unit are 525 total fixed costs are $20,000, the tax rate is 40% and the company sells 8,000 units, net income is O A 591,200 O B. $.000 OC. $79200 OD. $132000
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