Question: what is the process to get this answer? ABC Company estimates the following data for the coming month Total variable costs $35,000.00 Income tax rate

what is the process to get this answer?
what is the process to get this answer? ABC Company estimates the

ABC Company estimates the following data for the coming month Total variable costs $35,000.00 Income tax rate 25% Contribution margin percentage 40% Estimated monthly operating? fixed costs $16,000.00 Required minimum net income as percentage of total sales 10% Find the excess amount of operating income over required minimum. Selected Answer: $1,500.00

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