Question
Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $301,000, total variable expenses were $243,810, and fixed expenses were $39,200. Required: 1.
Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $301,000, total variable expenses were $243,810, and fixed expenses were $39,200. Required: 1. What is the companys contribution margin (CM) ratio? 2. Estimate the change in the companys net operating income if it were to increase its total sales by $1,800.
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Financial Accounting IFRS Principles
Authors: Ilse Lubbe, Goolam Modack, Shelly Herbert
5th Edition
0190746920, 978-0190746926
