Question

Halloween, Inc. reported the following income statement data for February: Sales $150,000; Total costs $170,000; Loss ($ 20,000). The firm’s contribution margin percentage at its current selling price of $20 is 40%. What is the company’s total fixed cost?


 

 

$20,000

 

$90,000

 

$60,000

 

$80,000

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Cost Volume Profit Analysis

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