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During its most recent fiscal year, Raphael Enterprises sold 280,000 e

/in /by

During its most recent fiscal year, Raphael Enterprises sold 280,000
electric screwdrivers at a price of $17.40 each. Fixed costs amounted to $784,000 and pretax income was $1,064,000. What amount should have been reported as variable costs in the company’s contribution margin income statement for the year in question?

Answer is one of the following:
$1,848,000
$3,808,000
$2,240,000
$4,872,000

 
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