Question
Gulph Company reported the following results for May: sales $200,000, variable costs $120,000 and fixed costs $60,000. If Gulph continues with same contribution margin ratio,
Gulph Company reported the following results for May: sales $200,000, variable costs $120,000 and fixed costs $60,000. If Gulph continues with same contribution margin ratio, how much sales for June are required to achieve $50,000 of net income?
- A
- :
- $500,000
- B
- :
- $183,333
- C
- :
- $165,000
- D
- :
- $275,000
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Payroll Accounting 2017
Authors: Jeanette Landin, Paulette Schirmer
3rd edition
1259572188, 1259572180, 1259742512, 9781259742514, 978-1259572180
