Accounting question Last year, Jasper Company earned an operating incomeof $22,300 with a contribution margin ratio of 0.25.Actual revenue was $223,000. Calculate the total fixed.cost. Round your answer to the nearest dollar, ifrequired.

To calculate the total fixed cost, we use the following formula: Operating Income = Revenue ×…

Answered: Last year, Jasper Company earned an…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 8EA: Using the information in the previous exercises about Marleys Manufacturing, determine the operating...

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Last year, Jasper Company earned an operating income of $22,300 with a contribution margin ratio of 0.25. Actual revenue was $223,000. Calculate the total fixed. cost. Round your answer to the nearest dollar, if required.