If the contribution margin ratio for Victor Company is 32%, sales were $1,450,000, and fixed costs were $385,600, what was the income from operations?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 5EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...
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If the contribution margin ratio for Victor Company is 32%, sales were $1,450,000, and fixed costs were $385,600, what was the income from operations?

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