Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. during the reporting period, the company sold 300,

During the reporting period, the company sold 300,000 units of products at the sale price...

80.2K

Verified Solution

Question

Accounting

During the reporting period, the company sold 300,000 units of products at the sale price of $4 per unit. The company reported total fixed costs as $300,000 and net income of $175,000. Based on this information, what is the amount of total variable costs during the reporting period?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Mechanical Engineering
1.2K views

In an interchangeable system, why is statistical approach is preferred over a complete interchangeability approach? State...

Biology
1.2K views

early all human traits even many diseas athematics and modeling these inherita ays to calculate...

Physics
1.2K views

Como f 1 10 g of ice at 0 C is kept in a calorimeter...

Physics
1.2K views

The liquid in the first pipe was flowing at an average speed of 18 centimeters...

Basic Math
1.2K views

Which of these examples shows reasoning based on fact not assumption A I always greet...

Statistics
1.2K views

ESTION 4 particular relationship N 80 How many point ession line 0 30 4

Calculus
1.2K views

11 Find the exact values of the sine and cosine for the angle hyp a...

Algebra
1.2K views

What could be added to each expression to make it a perfect square 1 x...

Accounting
1.2K views

Question 5 The comparative balance sheets for Lisa Company appear below:...

Accounting
1.2K views

Jackie Cafe reported net income of $840,000 for the year ended 12/31/18. Included in the...

Accounting
1.2K views

Chapter 7 5 accounting events in Year 1: 10 points $75,000 of revenue on account....

Finance
1.2K views

Frozen Inc.'in gerekli getiri oran %11,5'tir. 20 yl boyunca temett datmay beklemiyor ve bu sre...