For 2013, Winchester Company sold 80,000 units at a selling price of $20 per unit. Variable cost per unit was $15, and Winchester's net income for the year was $40,000. What was the amount of Winchester's fixed costs?

$360,000

$440,000

$1,160,000

$400,000

Answer rating: 100% (QA)

1 Contribution marginSalesVariable costs 20155 ... View the full answer