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(Solved): The following information for the past year for the Blaine Corporation has been provided: Fixed cost ...
The following information for the past year for the Blaine Corporation has been provided: Fixed costs: Manufacturing Marketing Administrative Variable costs: Manufacturing Marketing Administrative During the year, the company produced and sold 70,000 units of product at a selling price of $12.13 per unit. There was no beginning inventory of product at the beginning of the year. What is the operating income (loss) for the year? $849,100 O $705,100 O $666,100 $522,100 $105,000 23,000 16,000 $115,000 26,000 42,000
The folowing information for the past year for the Blaine Corporimon has been provided. What is the cperating income (foss) for the year? 5060.100
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Expert Answer
Operating IncomeThe operating income is an accounting tool that is used to measure the amount of profitability earned by the business after deducting all the operating expenses. It is sales less operating expenses.The formula for calculating operating income =Operating income = Sales - Variable costs - Fixed CostsOperating income is also called as operating profit or EBIT (Earnings before Interest and Taxes)