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Colton Dry Cleaners has determined the following about its costs: Total variable expenses are $42,000, total fixed expen
Posted: Sun Jul 03, 2022 4:14 pm
by answerhappygod
- Colton Dry Cleaners Has Determined The Following About Its Costs Total Variable Expenses Are 42 000 Total Fixed Expen 1 (22.19 KiB) Viewed 11 times
Colton Dry Cleaners has determined the following about its costs: Total variable expenses are $42,000, total fixed expenses are $30,000, and the sales revenue needed to break even is $50,000 Determine the
company's current 1) sales revenue and 2) operating income. (Hint First, find the contribution margin ratio, then prepare the contribution margin income
statement) Prepare the contribution margin income
statement at the calculated sales level. Colton Drycleaners Contribution Margin Income
Statement Sales revenue Less: Vanable expenses Contribution margin Less Fixed expenses Operating income (loss)