Chung Inc Sells 100000 Wrenches for $24 Per Unit

question 161

Multiple Choice

Chung Inc. sells 100000 wrenches for $24 per unit. Fixed costs are $700000 and net income is $500000. What should be reported as variable expenses in the CVP income statement?

• A) $1080000
• B) $1200000
• C) $1900000
• D) $1700000