FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Problem 4 – In 2018, Mixer Company sold 150,000 units of its product at a selleing price of $60. The variable cost per unit was $24, and Mixer reported net income for the year of $400,000. What was the amount of Mixer’s fixed costs for the year?
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- number 7 Lusk Corporation produces and sells 15,000 units of Product X each month. The selling price of Product X is $40 per unit, and variable expenses are $32 per unit. A study has been made concerning whether Product X should be discontinued. The study shows that $90,000 of the $120,000 in monthly fixed expenses charged to Product X would not be avoidable even if the product was discontinued. If Product X is discontinued, the company will be worse off by:arrow_forwardQuestion 6 Kennish Company sold 5840 units for $46 each. Variable costs were $27 per unit and total fixed expenses were $23860. What is Kennish's net income?arrow_forward
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