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Hinge Manufacturing's Cost of Goods Sold Is $420,000 Variable and $240,000

Question 95

Multiple Choice

Hinge Manufacturing's cost of goods sold is $420,000 variable and $240,000 fixed. The company's selling and administrative expenses are $300,000 variable and $360,000 fixed. If the company's sales is $1,580,000, what is its net income?


A) $260,000
B) $860,000
C) $920,000
D) $980,000

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