Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. during its most recent fiscal year, dover, inc. ha

During its most recent fiscal year, Dover, Inc. had total sales of $3,140,000. Contribution margin...

90.2K

Verified Solution

Question

Accounting

image

During its most recent fiscal year, Dover, Inc. had total sales of $3,140,000. Contribution margin amounted to $1,470,000 and pretax income was $355,000. What amount should have been reported as fixed costs in the company's contribution margin income statement for the year in question? Multiple Choice $1,825,000 $2,785000 $1,315,000. $1,115,000. $1,670,000

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

Medical Sciences
1.2K views

An athlete experiences a FOOSH mechanism and has radial side wrist pain. You suspect a scaphoid...

Physics
1.2K views

Attached to each end of a thin steel rod of length 1.10 m and mass 6.60...

Basic Math
1.2K views

2 Divide and state the answer in quotient form App g x f x x...

Algebra
1.2K views

4 On a test there are 6 true false questions 5 multiple choice and 4...

Accounting
1.2K views

Indicate weather each item listed below should be (A) added to net income or (D)...

Accounting
1.2K views

The board of directors of Kona Inc. declared a cash dividend on November 15,2022, to...

Accounting
1.2K views

Briefly explain the Freedom of Information Act (FOIA)

Accounting
1.2K views

During March 2020. Toby Tool \& Die Company worked on four jobs. A review of...

Accounting
1.2K views

Find the March 1, 2022 article "is incorporation Right for your Business?" written by Jordan...

Accounting
1.2K views

Demo Consulting is a consulting firm owned and operated by Jesse Flatt. The following end-of-period...

Accounting
1.2K views

2. TRUE OR FALSE: Operating or Net income is always the same amount when using...

Finance
1.2K views

Chapter 06-Interest Rates and Bond Valuation Big Canyon Enterprises has bonds on the market making...