Unformatted text preview: p per year. The variable cost of each component is 1,000 p , and the components are sold for 1,500 p each. The company sold 7,000 components during the prior year. ( p denotes peso, Argentina's national currency. Several countries use the peso as their Revenue = 7,000 x 1,500 = 10,500,000 Variable costs = 7,000 x 1,000 = 7,000,000 Fixed costs = 2,000,000 Net income = 10,500,000- 7,000,000- 2,000,000 = 1,500,000 p...
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- Summer '11
- Financial Accounting, Net Income, United States dollar, Rosario Company