Answered step by step
Verified Expert Solution
Question
1 Approved Answer
CK Ltd uses the following data in its Cost-Volume-Profit analyses: Total Sales $ 345,000 Variable expenses 207,000 Contribution margin 138,000 Fixed expenses 109,000 Net operating
CK Ltd uses the following data in its Cost-Volume-Profit analyses:
|
| Total |
| Sales | $ 345,000 |
| Variable expenses | 207,000 |
| Contribution margin | 138,000 |
| Fixed expenses | 109,000 |
| Net operating income | $ 29,000 |
What is total contribution margin if sales volume increases by 40%?
a.$17,400
b.$ 193,200
c.$40,600
d.$138,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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