Multiple Choice
For 2013, Winchester Company sold 80,000 units at a selling price of $20 per unit. Variable cost per unit was $15, and Winchester's net income for the year was $40,000. What was the amount of Winchester's fixed costs?
A) $360,000
B) $440,000
C) $1,160,000
D) $400,000
Correct Answer:
Verified
Correct Answer:
Verified
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