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If you sold 3000 units at 500 each variable expense were 350 per unit and fixed expenses were 200000 what is the net income?
Wiki User
∙ 10y ago
Sales = 1500000
Less. variable cost = 1050000
Less: fixed cost = 200000
Net income = 250000
Wiki User
∙ 10y ago
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Company sells 100000 wrenches for 12 a unit. Fixed costs are 300000 and net income is 200000. What should be reported as variable expenses in the CVP income statement?
Sales revenue = 100000 * 12 = 1200000less:fixed cost = 300000net income = 200000Variable expense = 700000 (balance figure)
How does the contribution margin income statement differ from the income statement used in financial reporting?
Income statement in financial reporting is different in this sense that in that income statement all expenses and incomes are shown as incomes and expenses and there is no classification of fixed expenses or variable expense while in contribution margin income statement expenses are shown in this way that separate the fixed expenses from variable portion of expenses.
What is the difference amount of expense over income called when income exceeds expense?
Expenses more than income is called "Loss" Income over expenses called "Profit"
What is the expense in a water budget if the income is precipitation?
Water evaporation, use, and runoff are all "expenses" that reduce the balance of water available. They may be fixed expenses or variable expenses that can be controlled to various degrees.
What is the ratio of expenses to income if the expense are 20000 and the income is 24000?
5:6
Is tax payable on income an expense?
Taxes are payable on income less expenses
What is the net income for a company with Cash 55000 Accounts receivable 70000 supplies 3000 accounts payable 4000 owners capital 114000 revenues 200000 and expenses 190000?
The net income for this company can be calculated by subtracting the total expenses from the total revenues. In this case, the net income would be 200,000 - 190,000 = 10,000.
If the cost of a sale is 95000 rupees income from sale 200000 rupees and operating expenses are 300000 rupees what will be net result?
95000x -300000 = 200000
How do you calculate total variable expenses in a contribution income statement?
Total variable cost is typically the sum of all variable labor, variable materials, and variable overhead expenses.
Does rent expense affect net income?
Yes all expenses reduces the net income so does rent expense also reduce the net income of company.
Is store supplies expense a selling or general and administrative expense?
It is a selling expense to be accounted for on the Income Statement under Selling Expenses.
What accounts are in net income?
Included in net income are the following: 1. All revenue-related accounts, e.g. Sales, service revenue, interest income, rental income, etc. 2. All expense-related accounts, e.g. Purchases, Depreciation, Rental expense, Maintenance expense, Amortization, Utilities expenses, etc. Net income = Revenues - Expenses
