Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Help with 31-33! It the unit seling price is $32, the unit variable cost is $24, and fixed costs are $480,000, sales in dolars would

Help with 31-33! image text in transcribed
It the unit seling price is $32, the unit variable cost is $24, and fixed costs are $480,000, sales in dolars would be required to realize income from operations of $240,0007 i s2880000 O $960,000 O $720,000 $544,000 QUESTION 31 0.303 points Save Answer When preparing the variable costing income statement, Contribution Margin minus Fixed Manufacturing Costs and Foxed Selling and Administrative Expenses determines the amount referred to as what? O income from operations O contribution margn O manufacturing margin O gross proft QUESTION 32 0.303 points Save Answer When preparing the variable costing income statement, Manufacturing Margin minus Variable Selling and Administrative Expenses determines the amount referred to as what? O income from operations O contibution margin O manufacturing margin O gross proft QUESTION 33 0.303 points Save Answer When preparing the variable costing income statement, Net Sales minus Variable Cost of Goods Sold determines the amount referred to as what? O income from operations O contribution margin O manufacturing margin gross profit Click Save and Submit to save and submit. Click Save All Answers to save all ansuwers Save All Answers Save and Submit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Financial Accounting

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

21st Edition

0077525264, 978-0077525262

More Books

Students also viewed these Accounting questions

Question

What do you mean by dual mode operation?

Answered: 1 week ago

Question

Explain the difference between `==` and `===` in JavaScript.

Answered: 1 week ago

Question

Identify and describe each of the major HRD functions

Answered: 1 week ago

Question

Cite some of the contemporary challenges facing HRD professionals

Answered: 1 week ago