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Q The controller of Tome Industries has collected the following monthly operating data, the selling price, the variable cost per unit, fixed cost per month
Q The controller of Tome Industries has collected the following monthly operating data, the selling price, the variable cost per unit, fixed cost per month and income tax ratio did not change
| May | June | July |
Sales revenue $ | 1,800,000 | 2,400,000 | 2,500,000 |
Total variable cost |
|
|
|
Contribution margin$ |
|
|
|
Fixed cost |
|
|
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Income tax expense |
| 180,000 |
|
Margin of safety ratio |
|
|
|
Net of tax profit$ | 280,000 | 420,000 |
|
Instructions
Determine missing amounts in schedule.
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