Question
Gary earned net income of $92160 and has fixed costs of $46080. Gary sold 14080 units for $30 each and has a 40% contribution margin
Gary earned net income of $92160 and has fixed costs of $46080. Gary sold 14080 units for $30 each and has a 40% contribution margin ratio. What were Garys operating income and tax rate?
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Management and Cost Accounting
Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, George Foster
4th edition
1405888202, 978-0273711490, 273711490, 978-1405888202
