Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Management anticipates fixed costs of $ 7 3 , 5 0 0 and variable costs equal to 4 2 % of sales. What will income

Management anticipates fixed costs of $73,500 and variable costs equal to 42% of sales. What will income equal if sales are $335,000?
Multiple Choice
$67,200.
$120,800.
$261,500.
$140,700
image text in transcribed

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

Assurance Risk And Governance

Authors: Michael Büchling

1st Edition

1485131618, 9781485131618

More Books

Students also viewed these Accounting questions

Question

1. Let a, b R, a Answered: 1 week ago

Answered: 1 week ago