Homework Help is Here – Start Your Trial Now!
Business
Accounting
Fischer Corporation requires sales of $3,000,000 to cover its fixed costs of $1,200,000 and to earn a net income of $800,000. What percent are variable costs of sales? a. 45.45% b. 40.40% c. 50.50% d. 33.33%

Fischer Corporation requires sales of $3,000,000 to cover its fixed costs of $1,200,000 and to earn a net income of $800,000. What percent are variable costs of sales? a. 45.45% b. 40.40% c. 50.50% d. 33.33%

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter10: Cost Analysis For Management Decision Making
Section: Chapter Questions
Problem 13E
See similar textbooks
icon
Related questions
Question
100%

What percent are variable costs of sales?

Fischer Corporation requires sales of $3,000,000 to cover its fixed costs of $1,200,000 and to earn a net income of $800,000. What percent are variable costs of sales? a. 45.45% b. 40.40% c. 50.50% d. 33.33%
Transcribed Image Text:Fischer Corporation requires sales of $3,000,000 to cover its fixed costs of $1,200,000 and to earn a net income of $800,000. What percent are variable costs of sales? a. 45.45% b. 40.40% c. 50.50% d. 33.33%
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS