Get correct answer accounting questions ABC Corporation had sales revenue of $180,000 last year with acontribution margin ratio of 0.40. If the operating income was$25,000, what was the total fixed cost?

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Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 5EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...

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ABC Corporation had sales revenue of $180,000 last year with a contribution margin ratio of 0.40. If the operating income was $25,000, what was the total fixed cost?