Question
You have been provided with the following information: (CSLO 2, 3, 6) Total Sales $ 90,000 Less Variable expenses 54,000 Contribution margin 36,000 Less
You have been provided with the following information: (CSLO 2, 3, 6) Total Sales $ 90,000 Less Variable expenses 54,000 Contribution margin 36,000 Less fixed expenses 24,000 $ 12,000 Operating profit If sales decrease by 10%, what level of fixed costs will maintain the current operating profit?
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
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