Answered step by step
Verified Expert Solution
Question
1 Approved Answer
5. Calculate the margin ration from the following table Store Location Revenue Direct Materials Wages Advertising Other Expenses Margin Marging Ratio Evanston $900,000 $360,000 $270,000
5. Calculate the margin ration from the following table | |||||||
Store Location | Revenue | Direct Materials | Wages | Advertising | Other Expenses | Margin | Marging Ratio |
Evanston | $900,000 | $360,000 | $270,000 | $25,000 | $200,000 | $45,000 | 0.05 |
Freeport | 1,050,000 | 420,000 | 270,000 | 25,000 | 230,000 | 105,000 | |
Muncie | 820,000 | 328,000 | 270,000 | 20,000 | 190,000 | 12,000 | |
Totals | $2,770,000 | $1,108,000 | $810,000 | $70,000 | $620,000 | $162,000 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started