Question
Assume the following (1) variable expenses $280,000, (2) unit sales 10,000, (3) the contribution margin ratio = 20%, and (4) net operating income $10,000.
Assume the following (1) variable expenses $280,000, (2) unit sales 10,000, (3) the contribution margin ratio = 20%, and (4) net operating income $10,000. Given these four assumptions, which of the following is true? Multiple Choice The variable expense ratio is 400% The total fixed expenses = $56,000 The total contribution margin = $224,000 The total sales = $350,000
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
5th edition
978-0134128528
