WileyPLUS Chegg Study | Guided Solutio × e what ls The Answer Please Arx × c sec

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WileyPLUS Chegg Study | Guided Solutio × e what ls The Answer Please Arx × c secure https://edugen.wileyplus.com/edugen/student/mainfr.u ni WileyPLUS Kimmel Accounting, 6 INTRODUCTORY ACCOUNTING I/II (ACT 221/222) Home Read, Study & Practice Assignment Gradebook ORION Downloadable eTextbook Assignment>open Assignment TIMER Start Time: 02:00 PM/ Remaining: 74 min. CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT ASSIGNMENT RESOURCES 18-19-20 Question 1 Bonita Industries sells 90000 wrenches for $24 per unit. Fixed costs are $700000 and net income is $300000, what should be reported as variable expenses in the CVP income statement? a Question 1 Question 2 $1160000 $1860000 $1044000 $1460000 Question 4 Question 5 Question Question 7 Question Question 9 Question 10 Question 11 Click if you would like to Show Work for this question: Question13 Question 14 Question 15 Question Attempts: 0 of 1 usedSAVE FOR LATER SUBMIT ANSWER Question 20 Question 25 Question 28 All Rights Reserved. A Division of lohn Wiley & Sons Inc Version 4.24.2.4

Explanation / Answer

Answer is option A

Sales (90000*24)             2,160,000 Sales - Variable cost = Contribution Net Profit + Fixed cost = Contribution So Contribution = 700000 + 300000             1,000,000 So Variable Cost = Sales - Contribution 2160000-1000000             1,160,000

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