Woodlund Company had the following information:

-What is the net income for 10,000 units?
A) $360,000
B) $480,000
C) $1,200,000
D) $1,080,000

Name: Woodlund Company had the following information: -What is the net income for 10,000 units? A) $360,000 B) $480,000 C) $1,200,000 D) $1,080,000
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Question

Woodlund Company had the following information:
 
-What is the net income for 10,000 units?
A) $360,000 
B) $480,000 
C) $1,200,000 
D) $1,080,000

Quizplus · Accepted Answer

Net income = (Sales - Cost of goods sold - Operating expenses)= (10,000 * $120) - (10,000 * $80) - (10,000 * $4)= $1,200,000 - $800,000 - $40,000= $360,000

Woodlund Company Had the Following Information