Answered: 10. Louise Corp. has a contribution…

10. Louise Corp. has a contribution margin ratio of 31%, fixed costs of $62,000, and a profit of $41,850. What are total sales? a. $335,000 b. $103,850 c. $32,194 d. $191,429

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 23MC: If a firm has a contribution margin of $78M90 and a net income of $13,700 for the current month,...

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Question

10.

Louise Corp. has a contribution margin ratio of 31%, fixed costs of $62,000, and a profit of $41,850. What are total sales?

a. $335,000

b. $103,850

c. $32,194

d. $191,429

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