Anderson Dry Cleaner has determined the following about its costs Total variable

Question

Anderson Dry Cleaner has determined the following about its costs Total variable expenses are $38.000, total fixed expenses art $37.000, and the sales revenue needed to break even is $40,000. Determine the company's current sales revenue and operating income Use the contribution margin income statement and the short cut contribution margin approaches to determine Anderson's current sales revenue and operating income. Begin by computing the contribution margin ratio. The contribution margin ratio is

Explanation / Answer

Anderson Dry Cleaner has determined the following about its costs Total variable

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