A company's flexible budget for 12,000 units of production showed total contribution margin of $24,000 and fixed
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Question:
A company's flexible budget for 12,000 units of production showed total contribution margin of $24,000 and fixed costs, $16,000. The operating income expected if the company produces and sells 15,000 units is:
a) $34,000
b) $10,000
c) $18,667
d) $8,000
e) $14,000
Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
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