Question
1.Last month when Holiday Creations, Inc., sold 50,000 units. total sales were $200,000, total variable expenses were $ 120,000, and fixed expenses were $65,000. Required:
1.Last month when Holiday Creations, Inc., sold 50,000 units. total sales were $200,000, total variable expenses were $ 120,000, and fixed expenses were $65,000.
Required:
a.What is the company's contribution margin (CM) ratio?
b.Estimate the change in the company's net operating income if it were to increase its total sales by $1,000.
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Frank Hodge
10th edition
1259964949, 1259964947, 978-1259964947
