Diamond Company produces three products, J, M, and Z. The following information is available for Diamond Company's most recent month of operations: Diamond Company: Sales revenue Total fixed costs .... Contribution margin ratio Product J: Sales revenue ... Variable costs .... Traceable fixed costs Product M: Variable costs ... Traceable fixed costs. # Product Z: Sales revenue .. Traceable fixed costs .. $864,000 $320,000 44% $386,000 . $202,000 $124,000 $ 75,000 $ 39,000 $291,000 .. $ 47,000 Calculate the net income reported by Diamond Company during the most recent month.

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Diamond Company produces three products, J, M, and Z. The following information is available for Diamond Company's most recent month of operations: Diamond Company: Sales revenue... $864,000 Total fixed costs $320,000 Contribution margin ratio 44% Product J: Sales revenue... $386,000 Variable costs ... $202,000 Traceable fixed costs. $124,000 Product M: Variable costs.... . $ 75,000 Traceable fixed costs. .. $ 39,000 Product Z: Sales revenue ..... .. $291,000 Traceable fixed costs ... $ 47,000 Calculate the net income reported by Diamond Company during the most recent month. Diamond Company produces three products, J, M, and Z. The following information is available for Diamond Company's most recent month of operations: Diamond Company: Sales revenue... $864,000 Total fixed costs $320,000 Contribution margin ratio 44% Product J: Sales revenue... $386,000 Variable costs ... $202,000 Traceable fixed costs. $124,000 Product M: Variable costs.... . $ 75,000 Traceable fixed costs. .. $ 39,000 Product Z: Sales revenue ..... .. $291,000 Traceable fixed costs ... $ 47,000 Calculate the net income reported by Diamond Company during the most recent month.