Question
Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $287,000, total variable expenses were $206,640, and fixed expenses were $35,500. Required: 1.
Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $287,000, total variable expenses were $206,640, and fixed expenses were $35,500. Required: 1. What is the companys contribution margin (CM) ratio? Estimate the change in the companys net operating income if it were to increase its total sales by $2,800.
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Financial Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
2nd Edition
047116920X, 978-0471169208
