Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 06, 2024

If a company had a contribution margin of $1800000 and a contribution margin ratio of 30%, total variable costs must have been $4200000. $1260000 O

If a company had a contribution margin of $1800000 and a contribution margin ratio of 30%, total variable costs must have been $4200000. $1260000 O $540000 $6000000 Click if you would like to Show Work for this question: Open Show Work

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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 Auditing And Other Assurance Services

Authors: Ray Whittington, Kurt Pany

17th Edition

0077304454, 978-0077304454

More Books

Students also viewed these Accounting questions

Question

★★★★★

Provide reasons that an investment bank might give to support their advice that a private company should go public.

Answered: 1 week ago

Question

★★★★★

1. PTSD used to be considered an anxiety disorder. In DSM-5, however, PTSD is placed in a different category of disorders called trauma-related disorders. Why was PTSD reclassified in this manner?

Answered: 1 week ago

Question

★★★★★

The demand for a product of Carolina Industries varies greatly from month to month. Based on the past two years of data, the following probability distribution shows the companys monthly demand: Unit...

Answered: 1 week ago

Question

★★★★★

Your grandma invested some money 58 years ago into an account earning 2.5 % per year, compounded quarterly. She now has $17,598 in her account. How much interest did she earn on the investment?...

Answered: 1 week ago

Question

★★★★★

KKindly help tutors EXERCISE Question 1 (IS Curve and Short-run Fluctuation) The IS Curve shows the relationship between short-run output (Y,) and real interest rate (R,) on horizontal and vertical...

Answered: 1 week ago

Question

★★★★★

2. What is the meaning and definition of Banking?

Answered: 1 week ago

Question

★★★★★

3.What are the Importance / Role of Bank in Business?

Answered: 1 week ago

Question

★★★★★

Current Attempt in Progress On January 1, 2022. Sandhill Corporation acquired machinery for $1680000. Sandhill adopted the straight-line method of depreciation for this machine and had been recording...

Answered: 1 week ago

Question

★★★★★

Answered: 1 week ago

Question

★★★★★

Donna owns a macaron store and makes all her macarons in-house. Business is particularly heavy during the "wedding season" of June and July. Donna signed a contract with Sweet-Ums Inc. to buy 2,000...

Answered: 1 week ago

Question

★★★★★

explain the importance of the ACAS Code of practice on disciplinary and grievance procedures (2009)

Answered: 1 week ago

Question

★★★★★

understand the role of human resource managers and line managers in discipline and grievance handling

Answered: 1 week ago

Question

★★★★★

understand the meaning of the terms discipline and grievance

Answered: 1 week ago

Previous Question Next Question