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ABC Company estimates the following data for the coming month Total variable costs ?$??? 33,000.00 Income tax rate 25% Contribution margin percentage 40% Estimated monthly
ABC Company estimates the following data for the coming month
Total variable costs
?$??? 33,000.00
Income tax rate
25%
Contribution margin percentage
40%
Estimated monthly operating? fixed costs
$16,000.00
Required minimum net income as percentage of total sales
10%
?Find the excess amount of operating income over required minimum.
a) Between 0 and $250.00
b) Between $250.00 and $2,500.00
c) Between $3,500 and $4,500.00
d) Between $6,000 and $10,333.33
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