If a company had a contribution margin of $1,000,000 and a contribution Margin of 40%, total variable costs must have been A. 1,500,000 B. 600,000 C. 2,500,000 D. 400,000
If a company had a contribution margin of $1,000,000 and a contribution Margin of 40%, total variable costs must have been A. 1,500,000 B. 600,000 C. 2,500,000 D. 400,000
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 6MC: If a company has fixed costs of $6.000 per month and their product that sells for $200 has a...
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If a company had a contribution margin of $1,000,000 and a contribution Margin of 40%, total variable costs must have been
A. 1,500,000
B. 600,000
C. 2,500,000
D. 400,000
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