7 TB MC Qu. 18-133 (Algo) During a recent fiscal year... During a recent fiscal year, Creek Company reported income of $133,000, a contribution margin ratio of 25% and total contribution margin of $480,000. Total variable costs must have been: 1 points Multiple Choice References $1,388,000. $1,920,000. $2,452,000. $1,440,000 $532,000. 1 points References A firm expects to sell 24,800 units of its product at $10.80 per unit and to incur variable costs per unit of $5.80. Total fixed costs are $68,000. The firm's net income is: Multiple Choice $124,000. $68,000. $56,000. $143,840. $211,840. 9 TB MC Qu. 18-77 (Algo) During March, a firm expects its total... During March, a firm expects its total sales to be $156,000, its total variable costs to be $94,600, and its total fixed costs to be $24,600. The contribution margin for March is: 1 points Multiple Choice References $36,800. $24,600. $61,400. $119,200. $94,600