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If the contribution margin ratio for Vera Company is 30%, sales were $806,000, and fixed costs were $164,420, what was the income from operations?

If the contribution margin ratio for Vera Company is 30%, sales were $806,000, and fixed costs were $164,420, what was the income from operations?

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 8EA: Suppose that a company has fixed costs of $18 per unit and variable costs $9 per unit when 15,000...
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If the contribution margin ratio for Vera Company is 30%, sales were $806,000, and fixed costs were $164,420, what was the income from operations?
Transcribed Image Text:If the contribution margin ratio for Vera Company is 30%, sales were $806,000, and fixed costs were $164,420, what was the income from operations?
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