Question: Varagon corp. has the following data available: Variable manufacturing cost of goods sold (6.60.000.00 ) Total manufacturing cost of goods sold. (7.10.000.00) gross profit (260
Varagon corp. has the following data available:

Variable manufacturing cost of goods sold (6.60.000.00 )
Total manufacturing cost of goods sold. (7.10.000.00)
gross profit (260 000 ) and gross profit margin (28.26 % )
Contribution (170 000 ) and Contribution margin.(18.48% )
Using the above data, and taking in consideration that all produced goods are also sold and no inventories are kept, please calculate the following:
Net income (assume no taxes).
Sales Direct materials used Direct labour Variable indirect manufacturing cost Fixed indirect manufacturing cost Variable selling- and administrative expenses 90.000,00 Fixed selling-and adminstrative expenses 80.000,00 920.000,00 350.000,00 210.000,00 100.000,00 50.000,00
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