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I got 27100 for sales, 9438 for Food and packaging, 6881 for payroll, 1567 for variable general, selling, and administrative expenses, 5714 for occupancy, and
I got 27100 for sales, 9438 for Food and packaging, 6881 for payroll, 1567 for variable general, selling, and administrative expenses, 5714 for occupancy, and 2220 for fixed general, selling, and administrative expenses.
But cannot commute income from operations increase.
Please help.
Thanks.
For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions): Sales $25,600 Food and packaging $8,916 6,500 Payroll Occupancy (rent, depreciation, etc.) General, selling, and administrative expenses 5,714 3,700 $24,830 Income from operations $770 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is Wicker Company's contribution margin? Round to the nearest million. (Give answer in millions of dollars.) 8,704 million b. What is Wicker Company's contribution margin ratio? Round to one decimal place. 34 % c. How much would income from operations increase if same-store sales increased by $1,500 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the closest million. $ 1,280 X millionStep by Step Solution
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