Assume the following information for a product line: Sales revenue $1,100,000 Va
ID: 2453268 • Letter: A
Question
Assume the following information for a product line:
Sales revenue
$1,100,000
Variable manufacturing costs
200,000
Fixed manufacturing costs
150,000
Variable selling/administrative costs
120,000
Fixed selling/administrative costs
100,000
What is the product line's segment income?
$650,000
$900,000
$530,000
$840,000
Sales revenue
$1,100,000
Variable manufacturing costs
200,000
Fixed manufacturing costs
150,000
Variable selling/administrative costs
120,000
Fixed selling/administrative costs
100,000
Explanation / Answer
$530,000 Statement showing Income Particulars Amount Sales Revenue 1,100,000.00 Variable Expenses: Variable Manu Costs 200,000.00 Variable Selling and Admin Costs 120,000.00 Total Variable Costs 320,000.00 Contribution Margin 780,000.00 Fixed Expenses Fixed Manu Costs 150,000.00 Fixed Selling and Admin Costs 100,000.00 Total Fixed Costs 250,000.00 Income 530,000.00
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