Last year, Minden Company introduced a new product and sold 25,200 units of it at a price of $91 per unit. The product's variable expenses are $61 per unit, and its fixed expenses are $839,700 per year.
a) Total Revenue: $2,292,000
b) Total Variable Expenses: $1,537,200
c) Total Fixed Expenses: $839,700
d) Net Income: $914,100