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Question - For the most recent year, Triad Company had fixed costs of $270,000 and variable costs of 60% of total sales revenue, earned $81,250 of net income after taxes, and an income tax rate of 35%.
Required -
1. Determine the before-tax income.
2. Determine the total contribution margin.
3. Determine the total sales.
4. Determine the breakeven point in dollar sales.
ACBU 2223 Spring 2017 Lambert Case. Prepare an income statement for alpha and an income statement for beta using the traditional accounting system where overhead is applied at a rate of 450% of direct labor costs
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