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

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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  answer-question

Cornerstones of Managerial Accounting

3rd Edition

Authors: Mowen, Hansen, Heitger

ISBN: 978-0324660135