Question
ABC Company estimates the following data for the coming month Total variable costs $ 40,000.00 Income tax rate 40% Contribution margin percentage 30% Estimated net
ABC Company estimates the following data for the coming month
Total variable costs
$ 40,000.00
Income tax rate
40%
Contribution margin percentage
30%
Estimated net income
$6,000.00
ABC Company estimates the following data for the coming month | |
Total variable costs | $ 40,000.00 |
Income tax rate | 40% |
Contribution margin percentage | 30% |
Estimated net income | $6,000.00 |
Find the estimated total fixed costs for the coming month
| a. | Between 0 and $20,000.00 | |
| b. | Between $20,000.00 and $40,001.00 | |
| c. | Between $40,001.00 and $60,000.00 | |
| d. | Between $60,000 and 80,001.00 |
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Intermediate Accounting
Authors: Kin Lo, George Fisher
3rd Edition Vol. 1
133865940, 133865943, 978-7300071374
