#6

Contribution Margin Ratio

a. Young Company budgets sales of $860,000, fixed costs of $21,300, and variable costs of $94,600. What is the contribution margin ratio for Young Company? (Enter your answer as a whole number.) %

b. If the contribution margin ratio for Martinez Company is 50%, sales were $532,000, and fixed costs were $196,840, what is the income from operations? $