Question: If the contribution margin ratio is 40%, target operating income is $25,000, and the sales revenue needed to achieve the target operating income is $800,000,
If the contribution margin ratio is 40%, target operating income is $25,000, and the sales revenue needed to achieve the target operating income is $800,000, what are fotal ficd expenses? A. 3295,000 B. $10,000 C. $320,000 D. $345,000
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
