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jelani4brown
26.08.2020 •
Business
During a recent fiscal year, Creek Company reported pretax income of $123,000, a contribution margin ratio of 25% and total contribution margin of $380,000. Total variable costs must have been:. a. $1028,000 b. $1,140,000 c. $492,000 d. $1,520,000 $2,012,000
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Ответ:
b. $1,140,000
Explanation:
To get the total variable cost, we need to first get the sales.
Sales = Contribution / Margin ratio
= $380,000 / 25%
= $1,520,000
Therefore,
Total variable costs would be
= $1,520,000 * 75% [100% - 25%]
= $1,140,000
Ответ:
decrease both consumption of coffee and bagel