Concord requires sales of $500000 to cover its fixed costs of 593000 and to earn...

50.1K

Verified Solution

Question

Accounting

Concord requires sales of $500000 to cover its fixed costs of 593000 and to earn operating income of $81000. What percentage is variable cost of sales?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students