Question
In March, Mitchell Limited had sales of $348,000 (60,000 units), total variable expenses of $236,640, and total fixed expenses of $67,200. Required: 1. What is
In March, Mitchell Limited had sales of $348,000 (60,000 units), total variable expenses of $236,640, and total fixed expenses of $67,200.
Required:
1. What is the companys CM ratio?
CM ratio=
2. Calculate the break-even level of sales in dollars.
break-even level of sales in dollars=
3. Estimate the change in the companys operating income if it increased its total sales by $14,500. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
Original New
Operating Income ? ?
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Financial And Managerial Accounting
Authors: Carl S. Warren, Jefferson P. Jones, William B. Tayler
15th Edition
1337902667, 9781337902663
