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During its most recent fiscal year, Dover, Inc. had total sales of $3,000,000. Contribution margin amounted to $1,400,000 and pretax income was $250,000. What amount

During its most recent fiscal year, Dover, Inc. had total sales of $3,000,000. Contribution margin amounted to $1,400,000 and pretax income was $250,000. What amount should have been reported as fixed costs in the company's contribution margin income statement for the year in question?

Multiple Choice

  • $1,650,000.

  • $1,350,000.

  • $2,750,000.

  • $1,600,000.

  • $1,150,000.

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