Answered: Consider the following data: fixed…

Consider the following data: fixed costs = $10 million, variable cost per inpatient day = $400, and revenue per inpatient day = $1,200. What is the contribution margin?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

Section: Chapter Questions

Problem 4MCQ: In the cost formula, the term 128,000,000 a. is the total variable cost. b. is the dependent...

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Question

Hello tutor please given correct answer general Accounting

Consider the following data: fixed costs = $10 million,
variable cost per inpatient day = $400, and revenue
per inpatient day = $1,200.
What is the contribution margin?

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