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Author Question: Marie Manufacturing reported net income of $42,120 and has a 35% tax rate. Marie manufactures a ... (Read 75 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
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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allywil32

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review

amcvicar

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Reply 3 on: Yesterday
:D TYSM

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