Homework Answers
Answer :-
Contribution Margin = Sales * Contribution margin ratio
Contribution Margin = (12,760*$30) *40%
Contribution Margin = $153,120
Operating Income = Contribution Margin - Fixed cost
Operating Income = $153,120 - $41,760
Operating Income = $111,360
Tax Rate = Income tax / Operating Income *100
Tax Rate = $111,360 - $83,520 / $111,360 *100
Tax Rate = 25%
Therefor the correct answer is option D. ( $111,360, 25%)
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