3. Last year, Jasper Company earned operating income of $29,400 with a contribution margin ratio of...
3. Last year, Jasper Company earned operating income of $29,400 with a contribution margin ratio of 0.3. Actual revenue was $245,000. Calculate the total fixed cost. Note: Round your answer to the nearest dollar, if required..
Homework Answers
Contribution margin ratio=Contribution margin/Sales
Hence Contribution margin=(245,000*0.3)=$73500
Contribution margin-Fixed costs=Target operating income
Hence Fixed costs=(73500-29400)
=$44100.
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3. Last year, Jasper Company earned operating income of $29,400
with a contribution margin ratio of...
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4-26
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4-26
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