Solution-Determine the company total fixed costs

Determine the company total fixed costs

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Reference no: EM133061661

Question - ABC Manufacturing produces metal lampposts. The company's income statement for the last two years is given below. The company has no beginning or ending inventories.

	Last year	This year
Units sold	60,000	85,000
Sales	$1,440,000	$2,040,000
Less cost of goods sold	785,000	1,060,000
Gross margin	655,000	980,000
Less operating expenses	237,000	312,000
Net income	$418,000	$668,000

Required - Determine the company's total fixed costs.

Reference no: EM133061661

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Determine the company total fixed costs

Reference no: EM133061661

Reference no: EM133061661

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