Question: please answer with correct and detailed calculations and explanations. make sure supporting statements are also provided for each step and calculation. QUESTION: During its most
please answer with correct and detailed calculations and explanations. make sure supporting statements are also provided for each step and calculation. QUESTION:
During its most recent fiscal year, Dover, Inc. had total sales of $3,000,000. Contribution margin amounted to $1,400,000 and pretax income was $250,000. What amount should have been reported as fixed costs in the company's contribution margin income statement for the year in question?
Multiple Choice
$1,650,000.
$1,350,000.
$2,750,000.
$1,600,000.
$1,150,000.
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