Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 19, 2024

if fixed costs are $24,000, Net operating income is 12,000 and contribution margin ratio is 40%, how much are the variable costs?

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

Internal Auditing Assurance And Consulting Services

Authors: Kurt Reding, Paul Sobel, Michael Head, Sridhar Ramamoorti, Urton Anderson

2nd Edition

0894136437, 978-0894136436

More Books

Students also viewed these Accounting questions

Question

★★★★★

Kiner Company transfers out 14,000 units and has 2,000units of ending work in process that are 25% complete. Materials are entered at the beginning of the process and there is no beginning work in...

Answered: 1 week ago

Question

★★★★★

On February 1, Minitori Company purchased 500 ordinary shares (2% ownership) of Becker Company for $30.80 per share. On March 20, Minitori Company sold 100 shares of Becker for $2,850. Minitori...

Answered: 1 week ago

Question

★★★★★

19. Tests of noise ratings at prescribed locations throughout a large stamping mill are given in the following frequency distribution. Noise is measured in decibels. Determine the average. Cell...

Answered: 1 week ago

Question

★★★★★

I dont need to see it very often, but when I do, I have to be able to get at it quickly. I think we lost the last contract because the information I needed was buried in a stack of paper on someones...

Answered: 1 week ago

Question

★★★★★

managerial accounting EXERCISE 1 Student Company provided the following account balances for the year ended December 31 Sales $ 500,000 Selling expenses $ 215,000 Purchase of raw materials $ 260,000...

Answered: 1 week ago

Question

★★★★★

Required: The MoMi Corporation's cash flow from operations before interest and taxes was $ 2 . 3 million in the year just ended, and it expects that this will grow by 5 % per year forever. To make...

Answered: 1 week ago

Question

★★★★★

On March 1, 2025, Oriole Company purchased land for an office site by paying $2520000 cash. Oriole began construction on the office building on March 1. The following expenditures were incurred for...

Answered: 1 week ago

Question

★★★★★

Icebreaker Company (a U.S.-based company) purchases materials from a foreign supplier on December 1, 2020, with payment of 17,000 dinars to be made on March 1, 2021. The materials are consumed...

Answered: 1 week ago

Question

★★★★★

Assume Avaya contracted to provide a customer with Internet infrastructure for $2,100,000. The project began in 2024 and was completed in 2025. Data relating to the contract are summarized below:...

Answered: 1 week ago

Question

★★★★★

Problem 9-2 (Algo) Lower of cost or net realizable value; by product, category, and total inventory [LO9- 1] Ace Hardware Store sells two product categories, tools and paint products. Information...

Answered: 1 week ago

Question

★★★★★

In theory, a 3.0GHz processor is not 50% faster than a 2.0GHz processor.

Answered: 1 week ago

Question

★★★★★

=+2. As part of your entry exam for a new position, Dunkin Donuts wants you to create an editorial calendar outlining its celebration coming up for National Coffee Day. Outline some recommendations...

Answered: 1 week ago

Question

★★★★★

=+3. What is content curation and its role within social media?

Answered: 1 week ago

Question

★★★★★

=+1. You have been hired to create content for the Nutella Caf in Chicago, but you recognize you need to do a content audit. Outline the key steps and content you will need to review for this audit....

Answered: 1 week ago

Previous Question Next Question