Cost Accounting (15th Edition)

Published by Prentice Hall
ISBN 10: 0133428702
ISBN 13: 978-0-13342-870-4

Chapter 3 - Cost-Volume-Profit Analysis - Assignment Material - Exercises - Page 95: 3-22(3)

Answer

This question requires you to make an income statement showing net income. Sale price, variable costs and fixed costs are given. Make sure NOT to ignore "taxes" while answering this question.

Work Step by Step

Income taxes Operating income before tax = 370,500 Tax (370,500 * 30%) = (111,150)
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