During its most recent fiscal year

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During its most recent fiscal year, Raphael Enterprises sold 350,000 electric screwdrivers at a price of $19.50 each. Fixed costs amounted to $1,225,000 and pretax income was $1,575,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question?

Reference no: EM131206553

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During its most recent fiscal year : During its most recent fiscal year, Raphael Enterprises sold 350,000 electric screwdrivers at a price of $19.50 each. Fixed costs amounted to $1,225,000 and pretax income was $1,575,000. What amount should have been reported as variable costs in the ..

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