menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Managerial Accounting Tools Study Set 2
  4. Exam
    Exam 6: Reporting and Analyzing Inventory
  5. Question
    In 2013, Teller Company Sold 3,000 Units at $400 Each
Solved

In 2013, Teller Company Sold 3,000 Units at $400 Each

Question 53

Question 53

Multiple Choice

In 2013, Teller Company sold 3,000 units at $400 each.Variable expenses were $280 per unit, and fixed expenses were $160,000.What was Teller's 2013 net income?


A) $200,000
B) $360,000
C) $840,000
D) $1,200,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q23: Contribution margin is the amount of revenue

Q24: Cost structure<br>A) refers to the relative proportion

Q48: Ramirez Corporation sells two types of computer

Q50: The degree of operating leverage provides a

Q52: The sales mix percentages for Novotna's Boston

Q56: Miller Manufacturing's degree of operating leverage is

Q57: Brooks Corporation can sell all the units

Q58: Swanson Company has two divisions; Sporting Goods

Q79: Outsourcing production will<br>A) reduce fixed costs and

Q94: Sales mix is<br>A) the relative percentage in

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines