Question
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
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 estimated operating income and the excess ammount of operating income over required minimum for the coming month?
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Fundamental Financial Accounting Concepts
Authors: Thomas Edmonds
7th Edition
73527122, 978-0073527123
