nterwin-yes ACC 202 -Routh, Summer 2018 (online) Mitchell Mundy &6/25/18 4:54 PM

Question

nterwin-yes ACC 202 -Routh, Summer 2018 (online) Mitchell Mundy &6/25/18 4:54 PM untir Test: Exam (Module 3- ch. 6, 7) Time Limit: 02.0000 Submit Test This Question: 4 pts 3 of 12 (3 complete) This Test: 43 pts staff Homer also pays $14.000 a month rent for his factory and store, and also pays S80,000 a month to his staff in addition to the commissions Homer sold 67,500 OA. $375,125 B. S540.000 O C $496 125 D. $617.125 3 Main Menu Dynamic Study Modules Click to select your answer 5e 453 PM ^??

Explanation / Answer

Income Statement for the month of June

So, Ans is A

that is operating income is $375125

Particulars Working Amount (in $) Sales 67500 Units * 8 per unit 540000 Less: Manufacturing Cost 67500 * 0.65 (43875) Less: Sales Commission (5% on Sales) 540000 * 0.05 (27000) Less: Factory & Store Rent (14000) Less: Staff Expense (80000) Operating Income 375125

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