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Sully Company sells 20,000 units at $12 per unit. Variable costs are $9 per unit, and...

Sully Company sells 20,000 units at $12 per unit. Variable costs are $9 per unit, and fixed costs are $25,000. Determine income from operations.

$60,000

$240,000

$25,000

$35,000
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Answer #1
Sales(20,000*12) 240,000
Less:Variable cost(20,000*9) 180,000
Contribution margin 60,000
Less:Fixed costs 25000
Income from operations $35,000
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