Dominics Deli recently calculated its annual break-even sales revenue to be $210,000. For each dollar of sales
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Dominic’s Deli recently calculated its annual break-even sales revenue to be $210,000. For each dollar of sales revenue, $0.30 goes to cover variable costs. Compute the following.
a. The contribution margin ratio.
b. Total fixed costs.
c. The sales revenue that would have to be generated to earn an operating income of $105,000.
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a If variable costs are 30 of sales revenue the contributi...View the full answer
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Related Book For
Financial And Managerial Accounting The Basis For Business Decisions
ISBN: 9781260247930
19th Edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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