Find what amount should have been reported as variable, Accounting Basics

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Find what amount should have been reported as variable

Problem

During its most recent fiscal year, Raphael Enterprises sold 270,000 electric screwdrivers at a price of $17.10 each. Fixed costs amounted to $729,000 and pretax income was $999,000. What amount should have been reported as variable costs in the Company's contribution margin income statement for the year in question?

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Accounting Basics: Find what amount should have been reported as variable

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Accounting Basics: Find what amount should have been reported as variable

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