What amount should have been reported as variable costs

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Problem

During its most recent fiscal year, Leader Enterprises sold 200,000 electric screwdrivers at a price of $15 each. Fixed costs amounted to $400,000 and income was $600,000. Get the instant assignment help. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question?

Reference no: EM133907190

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