Question 5 (4 points) Fedovic Racket company started operations in the month of May. For...
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Question 5 (4 points) Fedovic Racket company started operations in the month of May. For the month of May, it produced 4,400 rackets and sold 3.800 rackets. Total manufacturing costs for the month of May are $490,000 (this includes fixed manufacturing costs of $180,000). Selling Expenses include $80,000 in fixed selling expenses and $110.000 in variable selling expenses. Each racket sells for $360. What is the net income for the month of May if the firm prepares the income statement using Full Absorption (FA) ? (Round your answer to the nearest dollar amount. Please provide only numerical value in the space provided.) Your Answer: A
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