Question

In 2016, teller company sold 3,000 units at $600 each. variable expenses were $420 per unit, and fixed expenses were $240,000. what was tellers 2016 net income?

Answer 1

1. 3000 x 600 = $1,800,000
2. 3000 x 420 = $1,260,000

1. - 2. - F = $300,000