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Management forecasts fixed costs of $120,000 and variable costs equal to 45% of sales. What will pretax income equal if sales are $550,000?

Management forecasts fixed costs of $120,000 and variable costs equal to 45% of sales. What will pretax income equal if sales are $550,000?

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter16: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 36P: Faldo Company produces a single product. The projected income statement for the coming year, based...
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Management forecasts fixed costs of $120,000 and variable costs equal to 45% of sales. What will pretax income equal if sales are $550,000?
Transcribed Image Text:Management forecasts fixed costs of $120,000 and variable costs equal to 45% of sales. What will pretax income equal if sales are $550,000?
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