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 operating income for the coming month.

	a.	Between 0 and $9,999.00
	b.	Between $9,999.00 and $19,999.00
	c.	Between $20,001.00 and $30,000.00
	d.	Between $30,000 and 40,001.00

The conversion costs are

	a.	total costs
	b.	variable costs
	c.	direct labor and overhead
	d.	direct material and direct labor