Question
Dominic's Deli recently calculated its annual break-even sales revenue to be $210,000. For each dollar of sales revenue, $0.30 goes to cover variable costs. a.
Dominic's Deli recently calculated its annual break-even sales revenue to be $210,000. For each dollar of sales revenue, $0.30 goes to cover variable costs.
a.Compute the contribution margin ratio. (%)
b.Compute the total fixed costs.
c.Compute the sales revenue that would have to be generated to earn an operating income of $105,000.
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Accounting A Pathway Into The World Of Business And Data Analytics
Authors: Carl S. Warren, Jefferson P. Jones, William Tayler
29th Edition
0357899644, 9780357899649
