Question
Jalal Corporation contribution margin ratio is 24% and its fixed monthly expenses are Rs. 64,000. If the company's sales for a month are Rs. 425,000,
Jalal Corporation contribution margin ratio is 24% and its fixed monthly expenses are Rs. 64,000. If the company's sales for a month are Rs. 425,000, what is the best estimate of the company's variable expenses? Assume that the fixed monthly expenses do not change.
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
4th edition
978-0073369709, 73369705, 78025370, 978-0077444846, 77444841, 978-0078025372
