Question
a. Young Company budgets sales of $770,000, fixed costs of $24,300, and variable costs of $107,800. What is the contribution margin ratio for Young Company?
a. Young Company budgets sales of $770,000, fixed costs of $24,300, and variable costs of $107,800. What is the contribution margin ratio for Young Company? %? b. If the contribution margin ratio for Martinez Company is 31%, sales were $770,000, and fixed costs were $174,250, what was the operating income? $?
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Computerized Accounting With QuickBooks 2014
Authors: Kathleen Villani, James B. Rosa, Blanche Ettinger
1st Edition
0763860239, 9780763860233
