During Its Most Recent Fiscal Year,Raphael Enterprises Sold 200,000 Electric

question 140

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)$1,600,000.
• C)$3,000,000.
• D)$2,000,000.
• E)$1,000,000.

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Definitions:

OH− Concentration

A measure of the number of hydroxide ions in a solution, influencing its acidity or basicity.

pH

A scale used to specify the acidity or basicity of an aqueous solution, with values ranging from 0 (highly acidic) to 14 (highly basic) and 7 being neutral.

Hydrochloric Acid

Hydrochloric Acid is a strong, corrosive acid found in the stomach that aids in digestion by breaking down food and killing pathogens.

Sodium Hydroxide

A highly caustic metallic base and alkali salt, commonly used in industrial processes and as a drain cleaner.