Correct Answer Last year, Jenson Enterprises earned an operatingincome of $27,800 with a contribution margin ratio of0.30. Actual revenue was $250,000.Calculate the total fixed cost. Round your answer to thenearest dollar, if required.

Concept of Operating IncomeOperating income represents the profit a company earns from its core…

Answered: Last year, Jenson Enterprises earned an…

Principles of Accounting Volume 2

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Author:OpenStax

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Last year, Jenson Enterprises earned an operating income of $27,800 with a contribution margin ratio of 0.30. Actual revenue was $250,000. Calculate the total fixed cost. Round your answer to the nearest dollar, if required.