If sales revenue is $35,000, fixed cost is $5,000, and net operating income is $10,000, what is the contribution margin? A production worker is paid a salary of $1500 per month, plus an additional $0.50 per hour for overtime. This type of cost is BEST termed as: A. fixed cost B. step cost C. semi-variable cost D. variable cost
If sales revenue is $35,000, fixed cost is $5,000, and net operating income is $10,000, what is the contribution margin? A production worker is paid a salary of $1500 per month, plus an additional $0.50 per hour for overtime. This type of cost is BEST termed as: A. fixed cost B. step cost C. semi-variable cost D. variable cost
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![If sales revenue is $35,000, fixed cost is
$5,000, and net operating income is
$10,000, what is the contribution
margin? A production worker is paid a
salary of $1500 per month, plus an
additional $0.50 per hour for overtime.
This type of cost is BEST termed as: A.
fixed cost B. step cost C. semi-variable
cost D. variable cost](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb476d682-0c1b-4d81-b957-84480e4ac6fd%2Fe2a389b4-5880-4470-9800-206a34ae8814%2Fo1s0jv_processed.jpeg&w=3840&q=75)
Transcribed Image Text:If sales revenue is $35,000, fixed cost is
$5,000, and net operating income is
$10,000, what is the contribution
margin? A production worker is paid a
salary of $1500 per month, plus an
additional $0.50 per hour for overtime.
This type of cost is BEST termed as: A.
fixed cost B. step cost C. semi-variable
cost D. variable cost
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