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Bramble Corp.’s cost of goods sold is $280000 variable and $170000 fixed. The company’s selling and administrative expenses are $160000 variable and $220000 fixed. If the company’s sales is $1080000, what is its net income?

Respuesta :

Answer:

the net income is $250,000

Explanation:

The computation of the net income is given below:

= Sales - variable cost of goods sold - fixed cost of goods sold - variable selling & admin expense - fixed selling & admin expense

= $1,080,000 - $280,000 - $170,000 - $160,000 - $220,000

= $250,000

Hence, the net income is $250,000

The above formula should be applied for the same

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