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Moonwalker's CVP Income Statement Included Sales of 5,000 Units, a Selling

Question 53

Multiple Choice

Moonwalker's CVP income statement included sales of 5,000 units, a selling price of $100, variable expenses of $60 per unit, and fixed expenses of $110,000. Net income is


A) $500,000.
B) $200,000.
C) $190,000.
D) $90,000.

Correct Answer:

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