a Collier Company budgets sales of $560,000, fixed costs of $125,000, and variable costs of $364,000 What is the contribution margin ratio for Collier Company b If the contribution margin ratio for Morris Company is 42 , sales were $264,000, and fixed costs were $100,000, what was the income from o...

a Sales 560000 Variable costs 364000 Contribution margin ...

a. Collier Company budgets sales of $560,000, fixed costs of $125,000, and variable costs of $364,000. What

Question:

a. Collier Company budgets sales of $560,000, fixed costs of $125,000, and variable costs of $364,000. What is the ratio for Collier Company?
b. If the ratio for Morris Company is 42%, sales were $264,000, and fixed costs were $100,000, what was the income from operations?

Contribution Margin
Contribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes...