Answered step by step
Verified Expert Solution
Question
1 Approved Answer
If the contribution margin ratio for France Company is 32%, sales were $495,000, and fixed costs were $96,000, what was the income from operations? a.$96,000
If the contribution margin ratio for France Company is 32%, sales were $495,000, and fixed costs were $96,000, what was the income from operations?
a.$96,000
b.$49,920
c.$62,400
d.$158,400
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