Question
Oreo, Inc. has a contribution margin ratio of 30%. This month, profit was $10,800 and fixed costs were $18,000. How much was Oreo's sales revenue?
Oreo, Inc. has a contribution margin ratio of 30%. This month, profit was $10,800 and fixed costs were $18,000. How much was Oreo's sales revenue?
Multiple Choice
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$28,800
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$96,000
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$8,640
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$32,811
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
ISBN: 978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
