Young Company budgets sales of $1,210,000, fixed costs of $68,100, and variable costsof $302,500. What is the contribution margin ratio for Young Company? _______% b. If the contribution margin ratio for Martinez Company is 40%, sales were $684,000, and fixed costs were $213,410, what was the operating income? $_______
Young Company budgets sales of $1,210,000, fixed costs of $68,100, and variable costsof $302,500. What is the contribution margin ratio for Young Company? _______% b. If the contribution margin ratio for Martinez Company is 40%, sales were $684,000, and fixed costs were $213,410, what was the operating income? $_______
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter6: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 9E: Contribution margin ratio Young Company budgets sales of 112,900,000, fixed costs of 25,000,000, and...
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a. Young Company budgets sales of $1,210,000, fixed costs of $68,100, and variable costsof $302,500. What is the contribution margin ratio for Young Company?
_______%
b. If the contribution margin ratio for Martinez Company is 40%, sales were $684,000, and fixed costs were $213,410, what was the operating income?
$_______
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