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In March, Mitchell Limited had sales of $372,000 (62,000 units), total variable expenses of $245,520, and total fixed expenses of $85.000. Required: 1. What is
- In March, Mitchell Limited had sales of $372,000 (62,000 units), total variable expenses of $245,520, and total fixed expenses of $85.000.
- Required:
- 1. What is the company's CM ratio?
- 2. Calculate the break-even level of sales in dollars.
- 3. Estimate the change in the company's operating income if it increased its total sales by $12,000. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
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Managerial Accounting
Authors: Ray Garrison, Theresa Libby, Alan Webb
9th canadian edition
1259269477, 978-1259269479, 978-1259024900
