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.
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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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.
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