Question: Hupley manufacturing had a 1.60 operating leverage factor when sales were $ 45,000. Hupley Manufacturings contribution margin ratio was 20%. What were the companys fixed

Hupley manufacturing had a 1.60 operating leverage factor when sales were $ 45,000. ­Hupley Manufacturing’s contribution margin ratio was 20%. What were the company’s fixed expenses?

Step by Step Solution

3.35 Rating (161 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

First find the contribution margin Sales 45000 Contribution margin ratio 20 Contribution margi... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

322-B-M-A-C-V-P (1830).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!