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Author Question: Marie Manufacturing reported net income of $42,120 and has a 35% tax rate. Marie manufactures a ... (Read 77 times)

allywil32

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on: Feb 5, 2023

Question 1

Pine, Inc. has a 34% contribution margin rate, fixed costs of $62,000, and net income of $80,184. Pine sold 9,200 units for $54 each. What were Pine's operating income and tax rate (if necessary, round your answer to the nearest full percent)?
◦ $286,968; 28%
◦ $168,912; 75%
◦ $147,832; 46%
◦ $106,912; 25%

Question 2

Marie Manufacturing reported net income of $42,120 and has a 35% tax rate. Marie manufactures a product which sells for $20 per unit and whose variable costs are 62.5% of sales. If Marie sold 23,040 units, what were the company's operating income and fixed costs (round your answer if necessary)?
◦ $172,800; $52,456
◦ $64,800; $108,000
◦ $214,920; $94,576
◦ $120,344; $167,656
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by allywil32 on Feb 5, 2023

Jim457

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Reply #1 on: Feb 5, 2023
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allywil32

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Reply 2 on: Feb 5, 2023
Great answer, keep it coming :)

laurnthompson

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Reply 3 on: Yesterday
Wow, this really help

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