Question
Assume a business had sales of $300,000, fixed costs of $75,000 and a contribution margin ratio of 60%, what is variable cost: a. $135,000 b.
Assume a business had sales of $300,000, fixed costs of $75,000 and a contribution margin ratio of 60%, what is variable cost:
a. $135,000 b. $75,000 c. $115,000 d. $250,000 e. $120,000
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
