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ABC Company estimates the following data for the coming month Total variable costs?$??? 35,000.00 Income tax rate 25% Contribution margin percentage 40% Estimated monthly operating?
ABC Company estimates the following data for the coming month
Total variable costs?$??? 35,000.00
Income tax rate 25%
Contribution margin percentage 40%
Estimated monthly operating? fixed costs$16,000.00
Required minimum net income as percentage of total sales10%
?Find the excess amount of operating income over required minimum
a.$1,500
b. $2,500
c. $4,500
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