Intanke Inc. manufactures vacuum cleaners. The following information is available for the company. Per unit...
Intanke Inc. manufactures vacuum cleaners. The
following information is available for the company.
Per unit cost
Sales $550
Variable expenses 370
The fixed expenses are $95,000. Calculate the net operating income
for 750 vacuum cleaners.
Homework Answers
|
Calculation of net operating income: |
||
|
Particulars |
Amount |
|
|
Sales ($550*750 units) (A) |
$412,500 |
|
|
Less: Variable cost ($370*750 units) (B) |
($277,500) |
|
|
Contribution margin (C=A-B) |
$135,000 |
|
|
Less: Fixed costs (D) |
($95,000) |
|
|
Net operating income (E=C-D) |
$40,000 |
|
|
Ans |
Net operating income for 750 vacuum cleaners |
$40,000 |
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