John's Company product price
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In 2010, John Co. sold 150,000 units of its product at a price of $40. The variable cost per unit was $24, and John reported net income for the year of $400,000. What was the amount of John's fixed costs for the year?
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Solution Summary
This solution asses the fixed costs for the year of a company showing a net income of $400,000.
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The amount of John's fixed costs for the year 2010 is $2000000 as worked out and presented in the attached file.
Statement showing total fixed cost of John for the year 2010
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