During its most recent fiscal year, Dover, Inc. had total sales of $3,020,000. Contribution margin amounted...
During its most recent fiscal year, Dover, Inc. had total sales of $3,020,000. Contribution margin amounted to $1,410,000 and pretax income was $265,000. What amount should have been reported as fixed costs in the company's contribution margin income statement for the year in question?
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$1,610,000.
-
$1,345,000.
-
$1,675,000.
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$1,145,000.
-
$2,755,000.
Homework Answers
Fixed cost = Contribution margin-Pretax income
= 1410000-265000
Fixed cost = 1145000
So answer is d) $1145000
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