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QUESTION
what amount of 2007's revenues went towards covering fixed costs and generating profits. You determine that the contribution method is what is being...
what amount of 2007's revenues went towards covering fixed costs and generating profits. You determine that the contribution method is what is being looked for.Income Statement31-dec-2007Revenue 150,000Costs:Factory Depreciaton & Matienance 40,000Rubber, THread etc 41,000Employee wages 38,000Net Income 31,000The 2007 contribution margin is: __________?
what amount of 2007's revenues went towards covering fixed costs and generating profits. You determine that the contribution method is what is being looked for.Income Statement31dec2007...