Multiple Choice
Givenchy Company sells 100,000 wrenches for $12.00 per unit. Fixed costs are $350,000 and net income is $250,000. What should be reported as variable expenses in the CVP income statement?
A) $540,000
B) $600,000
C) $950,000
D) $850,000
Correct Answer:
Verified
Correct Answer:
Verified
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