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A company's flexible budget for 12,000 units of production showed sales, $48,000; variable costs, $18,000; and fixed costs, $16,000. The contribution margin expected if the company produces and sells 16,000 units is: Multiple Choice $48,000. $64,000. $40,000. $24,000. $18,000       Please don't answer in image format and it should be in step by step format and fast solution

A company's flexible budget for 12,000 units of production showed sales, $48,000; variable costs, $18,000; and fixed costs, $16,000. The contribution margin expected if the company produces and sells 16,000 units is: Multiple Choice $48,000. $64,000. $40,000. $24,000. $18,000       Please don't answer in image format and it should be in step by step format and fast solution

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A company's flexible budget for 12,000 units of production showed sales, $48,000; variable costs, $18,000; and fixed costs, $16,000. The contribution margin expected if the company produces and sells 16,000 units is: Multiple Choice $48,000. $64,000. $40,000. $24,000. $18,000

 

 

 

Please don't answer in image format and it should be in step by step format and fast solution 

A company's flexible budget for 12.000 units of production showed sales, $48.000, variable costs, $18,000, and fixed costs, $16.000 The contribution margin expected if the company produces and sels 15,000 units is Muple Choice O O O $48.000 $64.000 $40,000 124.000 $18.000
Transcribed Image Text:A company's flexible budget for 12.000 units of production showed sales, $48.000, variable costs, $18,000, and fixed costs, $16.000 The contribution margin expected if the company produces and sels 15,000 units is Muple Choice O O O $48.000 $64.000 $40,000 124.000 $18.000
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