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Determine the net income

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Question - Procter and Gamble is budgeting for next year. For one of its brands, P&G projects it will operate at 80% production capacity next year and forecasts the following:

Sales $80,000,000

Total Fixed Costs $20,000,000

Total Variable Costs $50,000,000

Total Costs $70,000,000

Net Income $10,000,000

Required - Determine the net income if sales are higher than expected and P&G realizes 90% production capacity?

Reference no: EM132935153

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