Multiple Choice
During its most recent fiscal year, Raphael Enterprises sold 200,000 electric screwdrivers at a price of $15 each. Fixed costs amounted to $400,000 and pretax income was $600,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question?
A) $2,400,000.
B) $2,000,000.
C) $3,000,000.
D) $1,600,000.
E) $1,000,000.
Correct Answer:
Verified
Correct Answer:
Verified
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