Solution-What is the amount of fixed costs

What is the amount of fixed costs

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Question - In the fiscal year just completed, Varsity Shop reported net income of $24,000 on revenues of $300,000. The variable costs as a percentage of revenue are 70%. The income tax rate is 40%. What is the amount of fixed costs?

Reference no: EM132755672

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What is the amount of fixed costs

Reference no: EM132755672

Reference no: EM132755672

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