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ABC Company estimates the following data for the coming month Total...

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Question

Accounting

ABC Company estimates the following data for the coming month

Total variable costs

$40,000.00

Income tax rate

40%

Contribution margin percentage

30%

Estimated net income

$6,000.00

Find the estimated operating income for the coming month.

a.

Between 0 and $9,999.00
b.

Between $9,999.00 and $19,999.00
c.

Between $20,001.00 and $30,000.00
d.

Between $30,000 and 40,001.00

The conversion costs are

a.

total costs
b.

variable costs
c.

direct labor and overhead
d.

direct material and direct labor

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