Question: Abbott, Inc. recorded the following operating data for its motor division for the year: The illustration is a table that consists of information related to
Abbott, Inc. recorded the following operating data for its motor division for the year: The illustration is a table that consists of information related to operating data. The table consists of two columns and four rows. The first column lists the elements: Variable cost, Total direct fixed costs, Indirect fixed costs, and Contribution margin. The second column lists the respective amounts for each element listed in column one. Variable cost is $800,000. Total direct fixed costs is 120,000. Indirect fixed costs is 40,000. Contribution margin is 200,000. What was the amount of sales revenue recorded by the motor division for the year? Select answer from the options below $960,000 $1,120,000 $920,000 $1,000,000
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