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Terabear Terabear
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5 years ago
If selling price per unit is $55, variable costs per unit are $25, total fixed costs are $24,000, the tax rate is 35%, and the company sells 7,000 units, net income is ________.
A) $186,000
B) $75,250
C) $136,500
D) $120,900
Textbook 
Cost Accounting: A Managerial Emphasis

Cost Accounting: A Managerial Emphasis


Edition: 16th
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wrote...
5 years ago
 D
Explanation:  Net income = [(($55  $25)  7,000)  $24,000]  (1.0  0.35) = $120,900
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