Percentage of gross profit for facility with a gross income
Question: The percentage of gross profit for a facility with a gross income of 330,000, fixed expenses of 200,000 and variable expense of 100,000 is approximately? Can you please explain how to do this?
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Hayne Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year.
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The percentage of gross profit for a facility with a gross income of 330,000, fixed expenses of 200,000 and variable expense of 100,000 is approximately?
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