Question
Management expects total sales of $40 million, a margin of safety of $10 million, and a contribution margin ratio of 45%. Which of the following
Management expects total sales of $40 million, a margin of safety of $10 million, and a contribution margin ratio of 45%. Which of the following estimated amounts isnotconsistent with this information?
Multiple Choice
- Variable costs, $22 million
- Fixed costs, $13.5 million
- Break-even sales volume, $30 million
- Operating income, $6 million
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Payroll Accounting
Authors: Bernard J. Bieg, Judith Toland
21st Edition
1111531056, 978-1111531058
