Question
In March, Mitchell Limited had sales of $435,500 (67,000 units), total variable expenses of $265,655, and total fixed expenses of $105,300. Required: 1. What is
In March, Mitchell Limited had sales of $435,500 (67,000 units), total variable expenses of $265,655, and total fixed expenses of $105,300.
Required:
1.What is the company's 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 company's operating income if it increased its total sales by $25,350.(Do not round intermediate calculations. Round your answers to 2 decimal places.)
original new
Operating income ......... ................
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