19-20

Contribution Margin Ratio

a. Bert Company budgets sales of $1,060,000, fixed costs of $23,900, and variable costs of $106,000. What is the contribution margin ratio for Bert Company? (Enter your answer as a whole number.) %

b. If the contribution margin ratio for Ernie Company is 39%, sales were $529,000, and fixed costs were $167,110, what was the income from operations? $