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.

Critically compare and contrast psychological theories and their explanations for memory and attention processes.

Understand the basic mechanisms underpinning different types of memory including sensory, short-term, and long-term memory.

Recognize the functional differences and storage patterns of semantic memory versus other types of memory.

Grasp the concept and application of mnemonic devices in enhancing memory retention.

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Definitions:

Fixed Production Costs

Expenses that do not change with the level of production or sales over a short period, such as rent, salaries, and insurance, ensuring stability in production costs despite output variations.

Net Income

The total profit of a company after accounting for all costs and expenses, including taxes, interest, and depreciation.

Direct Materials

Raw materials that are directly traceable and allocable to a finished product in the manufacturing process.

Direct Labor

Direct Labor involves the work of employees who are directly involved in the production of goods or services, considered a variable cost that changes with the level of output.