If the contribution margin ratio for Vera Company is 28%, sales were $1,135,000, and fixed costs were $297,420, what was the income from operations?

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter7: Variable Costing For Management analysis
Section: Chapter Questions
Problem 16E
icon
Related questions
Question

Answer this question without using ai

If the contribution margin ratio
for Vera Company is 28%, sales
were $1,135,000, and fixed
costs were $297,420, what
was the income from
operations?
Transcribed Image Text:If the contribution margin ratio for Vera Company is 28%, sales were $1,135,000, and fixed costs were $297,420, what was the income from operations?
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer