Solved: What should be reported as variable expenses in cvp income, Accounting Basics

What should be reported as variable expenses in cvp income

Question:

Cournot Company sells 100,000 wrenches for $12 a unit. Fixed costs are $300,000, and net income is $200,000. What should be reported as variable expenses in the CVP income statement?

(a) $700,000.
(b) $900,000.
(c) $500,000.
(d) $1,000,000.

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Accounting Basics: What should be reported as variable expenses in cvp income

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Accounting Basics: What should be reported as variable expenses in cvp income

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