Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Habitat Helps Company provides cleaning services to commercial and residential customers. The commercial business segment provided services to 230 customers and the residential business segment
Habitat Helps Company provides cleaning services to commercial and residential customers. The commercial business segment provided services to 230 customers and the residential business segment provided services to 625 customers. Commercial. Residential. Total Service Revenue. $87,000. $125,000. $212,000 Variable Costs. 27,000. 56,000. 83,000 Fixed Costs. 42,000. 45,000. 87,000 Operating Income. $18,000. $ 24,000. $42,000 What is the contribution margin ratio for Habitat Company? (Round answer to two decimal places.) Answer: 60.85% *****please show your work for the answer******
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
Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
