Question
Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $156,000, total variable expenses were $120,120, and fixed expenses were $35,900. Required: 1.
Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $156,000, total variable expenses were $120,120, and fixed expenses were $35,900.
Required:
1. What is the companys contribution margin (CM) ratio?
2. What is the estimated change in the companys net operating income if it can increase sales volume by 475 units and total sales by $1,900?
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Introduction To Managerial Accounting
Authors: Jeannie Folk, Ray Garrison, Eric Noree
1st Edition
0072468440, 978-0072468441
