Chung Inc. sells 100000 wrenches for $24 per unit. Fixed costs are $700000 and net income is $500000. What should be reported as variable expenses in the CVP income statement?
A) $1080000
B) $1200000
C) $1900000
D) $1700000

Question

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The Answer of Chung Inc. sells 100000 wrenches for $24 per unit. Fixed costs are $700000 and net income is $500000. What should be reported as variable expenses in the CVP income statement?
A) $1080000
B) $1200000
C) $1900000
D) $1700000

Chung Inc Sells 100000 Wrenches for $24 Per Unit