Contribution margin ratio OBJ. 2 a. Segar Company budgets sales of $3,200,000, fixed costs of $700,000, and

Question:

Contribution margin ratio OBJ. 2

a. Segar Company budgets sales of $3,200,000, fixed costs of $700,000, and variable costs of $2,240,000. What is the contribution margin ratio for Segar Company?

b. If the contribution margin ratio for Domino Company is 35%, sales were $2,100,000, and fixed costs were $400,000, what was the income from operations?

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