Question
Last month when Holiday Creations, Inc., sold 38,000 units, total sales were $314,000, total variable expenses were $263,760, and fixed expenses were $39,400. Required: 1.
| Last month when Holiday Creations, Inc., sold 38,000 units, total sales were $314,000, total variable expenses were $263,760, and fixed expenses were $39,400. |
| 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 $1,200. |
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Do It Yourself Home Energy Audits 140 Simple Solutions To Lower Energy Costs, Increase Your Home's Efficiency, And Save The Environmen
Authors: David Findley
1st Edition
0071636390, 978-0071636391
