1.

Gary's Garage Company makes and installs garages to customers that need garages. Gary's Garage Company contribution margin ratio is 18% and its fixed monthly expenses are $49,000. If Gary's Garage Company's sales for a month are $309,000, what is the best estimate of Gary's Garage Company's net operating income? Assume that the fixed monthly expenses do not change.2.

Gary's Garage Company makes and installs garages to customers that need garages. Gary's Garage Company contribution margin ratio is 18% and its fixed monthly expenses are $49,000. If Gary's Garage Company's sales for a month are $309,000, what is the best estimate of Gary's Garage Company's net operating income? Assume that the fixed monthly expenses do not change. Multiple Choice o $55,620 $55,620 $260,000 o o $204,380 $204,380 o o $6,620 $6,620 Carly's Cement Company manufactures cement. Carly's has supplied us the following data: Tons of cement produced and sold Sales revenue Variable manufacturing expense Fixed manufacturing expense Variable selling and administrative expense Fixed selling and administrative expense Net operating income 290,000 $994,000 $235,000 $322,000 $ 172,540 $ 96,000 $ 168,460 The company's contribution margin ratio is closest to