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Assume the following: 1. variable expenses =$303,000 2. unit sales =10,000 3. the contribution margin ratio =25% 4. net operating income =$10,000 Given these four
Assume the following: 1. variable expenses =$303,000 2. unit sales =10,000 3. the contribution margin ratio =25% 4. net operating income =$10,000 Given these four assumptions, which of the following is true? Multiple Choice The total sales =$404,000 The variable expense ratio is 300% The total fixed expenses =$75,750 The total contribution margin =$227,250
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