Question
a. Young Company budgets sales of $850,000, fixed costs of $23,000, and variable costs of $102,000. What is the contribution margin ratio for Young Company?
a. Young Company budgets sales of $850,000, fixed costs of $23,000, and variable costs of $102,000. 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 59%, sales were $590,000, and fixed costs were $275,000, what is the income from operations?
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Supply Chain Management Accounting Managing Profitability Working Capital And Asset Utilization
Authors: Simon Templar
1st Edition
0749472995, 978-0749472993
