Question
The Cutlass Company had sold 30,000 units of its product totaling $1,050,000 in sales and a net income of $90,000. At the break-even point, the
The Cutlass Company had sold 30,000 units of its product totaling $1,050,000 in sales and a net income of $90,000. At the break-even point, the company's total contribution margin equals $600,000. Based on this information, the company's variable expenses would be (ignore taxes)
| 36% of sales |
| $12 per unit |
| None of these answers are correct |
| $15 per unit |
| a total of $450,000 |
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New Approach To Financial Accounting No Need Of Cramming Formats
Authors: Samuel A. Olowoniyi ACA
1st Edition
148253150X, 978-1482531503
