2.(10 points) Perkins Company produces and sells a single product. The company's income statement for...
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Accounting
2.(10 points) Perkins Company produces and sells a single product. The company's income statement for the most recent month is given below: Sales (15,000 units at $29 per unit) Less variable costs $435,000 $60,000 Direct materials (variable) Direct labor (variable) Variable factory overhead Variable selling and other expenses.... 75,000 45,000 30,000210,000 Contribution margin Fixed factory overhead Net operating income 225,000 Less fixed expenses 100,000 85,000 Fixed selling and other expenses 185.000 40,000
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