Armstrong industries has a contribution margin of $300,000 and a contribution margin ratio of 30%. how much are total variable costs?

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Aug 5, 2018 36.7k views

2 votes

Armstrong industries has a contribution margin of $300,000 and a contribution margin ratio of 30%. how much are total variable costs?

Business
high-school

Tom Castle asked

by Tom Castle

8.3k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

5 votes

$300,000 / 30% = 1,000,000 - 300,000 = $700,000

Dcangulo answered Aug 10, 2018

by Dcangulo

8.1k points

0 Comments

Please log in or register to add a comment.

← Prev Question Next Question →

Related questions

asked May 26, 2021 27.8k views

The CVP income statements shown below are available for Armstrong Company and Contador Company. Armstrong Co. Contador Co. Sales $495,000 $495,000 Variable costs 235,000 48,000 Contribution margin 260,

LXhelili asked May 26, 2021

by LXhelili

8.5k points

Business
college

1 answer

1 vote

27.8k views

asked Jun 7, 2021 123k views

The CVP income statements shown below are available for Armstrong Company and Contador Company. Armstrong Co. Contador Co. Sales $505,000 $505,000 Variable costs 247,000 49,000 Contribution margin 258,

Mezzoforte asked Jun 7, 2021

by Mezzoforte

8.5k points

Business
college

1 answer

5 votes

123k views

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Related questions

Other Questions