Quick answer of this accounting questions Management anticipates fixed costs of $95,000 and variablecosts equal to 35% of sales. What will pretax income equalif sales are $480,000?

Step 1: Definition of Pretax IncomePretax Income refers to the amount of profit a company earns…

Answered: Management anticipates fixed costs of…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter11: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 11.16E

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Management anticipates fixed costs of $95,000 and variable costs equal to 35% of sales. What will pretax income equal if sales are $480,000?