Estimating costs and profit
International,Inc.expects total sales of $55 million,a margin of safety of $25 million,and a contribution margin ratio of 25%.Compute the following:
(a)Variable costs: $________
(b)Break-even sales volume (in dollars): $________
(c)Fixed costs: $________
(d)Operating income: $________

Question

Quizplus · Accepted Answer

The Answer of Estimating costs and profit
International,Inc.expects total sales of $55 million,a margin of safety of $25 million,and a contribution margin ratio of 25%.Compute the following:
(a)Variable costs: $________
(b)Break-even sales volume (in dollars): $________
(c)Fixed costs: $________
(d)Operating income: $________

Estimating Costs and Profit