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9 June, 21:57

Llywelyn, Inc. reports the following information for July: Sales Revenue $ 1 comma 000 comma 000 Variable Costs 200 comma 000 Operating Income 380 comma 000 What is the total fixed cost using variable costing? A. $ 420 comma 000 B. $ 800 comma 000 C. $ 180 comma 000 D. $ 580 comma 000

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  1. 9 June, 22:00
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    A. $ 420,000

    Explanation:

    We have to find the missing information

    Sales revenues 1,000,000

    variable cost (200,000)

    Contribution Margin 800,000

    Fixed Cost X

    Operating Income 380,000

    Contribution margin - operating income = fixed cost

    $800,000 - $380,000 = fixed cost

    fixed cost = $420,000
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