Calculate the total fixed cost
Response to the following problem:
Last year, Jasper Company earned operating income of $22,500 with a contribution margin ratio of 0.25. Actual revenue was $235,000. Calculate the total fixed cost.
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YOYO Company Comparative Balance Sheets December 31 2008 net income Total $135,000, 2007 $126,000 and the income statement for year ended December 31, 2008 .
Last year, Jasper Company earned operating income of $22,500 with a contribution margin ratio of 0.25.
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