Question
ZZ tire company opened a new loctation last year. Use the following information to figure out countribution margin and operating income for last year. Tires
ZZ tire company opened a new loctation last year. Use the following information to figure out countribution margin and operating income for last year.
Tires sold: 15,000
Retail price per tire: $75 per tire
Cost per tire: $18 per tire
Installation expense per tire ( payroll) : $9 per tire
Utilities: $2,000 per month
Rent: $3,500 per month
Clerks and receptionist: $2,500 per month
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
