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Home Q & A Board Other Fields Homework Help Business Accounting
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marmech12 marmech12
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2 months ago
Pine, Inc. has a 34% contribution margin rate, fixed costs of $62,000, and net income of $80,184. Pine sold 9,200 units for $54 each. What were Pine's operating income and tax rate (if necessary, round your answer to the nearest full percent)?

▸ $286,968; 28%

▸ $168,912; 75%

▸ $147,832; 46%

▸ $106,912; 25%
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Managerial Accounting

Managerial Accounting


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anikamazumderanikamazumder
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$106,912; 25%

CM = $54 × 0.34 = $18.36; (9,200 × $18.36) - $62,000 = $106,912 operating income
$106,912 = $80,184 ÷ (1 - Tax rate); Tax rate = 25%
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marmech12 Author
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2 months ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Alina01978
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Yesterday
You make an excellent tutor!
sleinhi
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2 hours ago
Smart ... Thanks!
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