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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
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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%
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