If we have a contribution margin ratio of 40% and this month, sales revenue was $150,000,...
If we have a contribution margin ratio of 40% and this month, sales revenue was $150,000, and net income was $10,000. How much are our fixed costs?
Homework Answers
Answer:
| $ | $ | |
| Sales Revenue | 150,000 | |
| Contribution marging ($ 150,000 x 40%) | 60,000 | |
| Less: Profits | (10,000) | |
| fixed costs | 50,000 |
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