variable expenses - $312.000 2. unit sales - 10,000 3. the contribution margin ratio = 20% 4. net operating income - $10,000 Given these four assumptions, which of the following is true? Multiple Choice The total fixed expenses $62.400 The break even point in sales dollars is $340.000 The total contribution margin-$249.600 The total sales5374,400
variable expenses - $312.000 2. unit sales - 10,000 3. the contribution margin ratio = 20% 4. net operating income - $10,000 Given these four assumptions, which of the following is true? Multiple Choice The total fixed expenses $62.400 The break even point in sales dollars is $340.000 The total contribution margin-$249.600 The total sales5374,400
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
need complete and correct answer with all work/explanation /computation answer in text
Transcribed Image Text:1. variable expenses - $312.000
2. unit sales - 10,000
3. the contribution margin ratio = 20%
4. net operating income = $10,000
Given these four assumptions, which of the following is true?
Multiple Choice
The total fxed expenses - $62.400
The break even point in sales dollars is $340.000
The total contribution margin-$249.600
The total sales $374,400
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step 1: Introduce to break even point, contribution margin and net operating income
VIEWStep 2: Working for total sales
VIEWStep 3: Working for total contribution margin and fixed cost
VIEWStep 4: Working for break even point in sales dollar
VIEWStep 5: Working for correct or incorrect option
VIEWSolution
VIEW
Step by step
Solved in 6 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education