Ramona Company reported the following data. Price per unit = $10 Sales price Variable cost per unit = $7 Fixed cost = $1,500 Number of units sold = 700 units Given these data, compute NET INCOME. • $3,400 . • $1,200 • $5,500 . • $600 . • $800

Ramona Company reported the following data. Price per unit = $10 Sales price Variable cost per unit = $7 Fixed cost = $1,500 Number of units sold = 700 units Given these data, compute NET INCOME. • $3,400 . • $1,200 • $5,500 . • $600 . • $800

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 17MC: Waskowski Company sells three products (A. B. and C) with a sales mix of 3:2:1. Unit sales price are...

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Question

Ramona Company reported the following data.
Price per unit = $10 Sales price
Variable cost per unit = $7
Fixed cost = $1,500
Number of units sold = 700 units
Given these data, compute NET INCOME.
• $3,400
• $1,200
• $5,500
• $600
.
• $800

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