During its most recent fiscal year, Dover, Inc. had total sales of $3,160,000. Contribution margin amounted to $1,480,000 and pretax income was $370,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year

Question

05-07-2022
Business

Answered

IDNLearn.com makes it easy to find the right answers to your questions. Discover comprehensive answers to your questions from our community of knowledgeable experts.

During its most recent fiscal year, Dover, Inc. had total sales of $3,160,000. Contribution margin amounted to $1,480,000 and pretax income was $370,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year

Sagot :

Thank you for contributing to our discussion. Don't forget to check back for new answers. Keep asking, answering, and sharing useful information. Find clear answers at IDNLearn.com. Thanks for stopping by, and come back for more reliable solutions.

2. It Costs Edgar $2.65 One Way To Ride The Bus To Work. He Uses The Bus To Go To And From Work Four Days Per Week. He Buys A Bottle Of Water That Costs $1.45 O

Why Did Columbus Think He Had Reached Asia When He Landed In The Americas? A. He Miscalculated The Size Of The Earth By More Than Half. B. The Land Looked Like

The Mass Media, Including TV, Radio And Newspapers, Have Great Influence In Shaping People's Ideas. Do You Agree Or Disagree With The Statement? In 20 Sentences

Compare And Contrast The Ten Commandments With The Code Of Hammurabi .how Are They The Same And How Are They Different ?

Gravity Is Considered What Type Of Force? conservative non-conservative

During An Experiment, A Scientist Crosses A Pea Plant That Has Purple Flowers With A Pea Plant That Has White Flowers. The Plants That Result From This Cross In

What Is The Maximum Volume Of 0.788M CaCl2 Solution That Can Be Prepared Using 85.3g CaCl2

Which Is The Best Estimate Of X Based On Rounding The Constants And Coefficients In The Equation To The Nearest Integer? 3.1x + 5.2 = 9.9 A. 1.3 B. 1.5

What Specific Groups Of Americans Made Their Way West In The 1800s

Where Are Phosphate Groups Found In A Dna Molecule

Tripatsingh039idn Tripatsingh039idn · Answer 1 · 2022-07-16T12:43:18-04:00

The company's contribution margin income statement for the year $1,105,000.

Contribution margin income

A contribution margin income statement is an income statement in which all variable expenses are deducted from sales to arrive at a contribution margin. Then, all fixed expenses are subtracted to arrive at the net profit or net loss for the period.

How do you calculate contribution margin income?

Calculate the operating income by subtracting your total fixed costs from the contribution margin, as they both appear on the contribution income statement. For example, if you have a contribution margin of $30,000 and fixed costs of $5,000, then you would have an operating income of $25,000.

Learn more about contribution margin income here :

https://brainly.com/question/14266623

#SPJ4

Sagot :

Other Questions