Homework Help is Here – Start Your Trial Now!
Business
Accounting
The contribution margin ratio margin ratio for Horizon Manufacturing is 40%, sales were $950,000, and fixed costs were $190,000. What was the income from operations?

The contribution margin ratio margin ratio for Horizon Manufacturing is 40%, sales were $950,000, and fixed costs were $190,000. What was the income from operations?

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter5: Activity-based Costing And Management
Section: Chapter Questions
Problem 16MCQ: Suppose that a company is spending 60,000 per year for inspecting, 30,000 for purchasing, and 40,000...
See similar textbooks
icon
Related questions
Question

What was the income from operations of this accounting question?

The contribution margin ratio margin ratio for Horizon Manufacturing is 40%, sales were $950,000, and fixed costs were $190,000. What was the income from operations?
Transcribed Image Text:The contribution margin ratio margin ratio for Horizon Manufacturing is 40%, sales were $950,000, and fixed costs were $190,000. What was the income from operations?
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
SEE MORE TEXTBOOKS