Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer Crane's Environmental Consulting Service LLP had the following operating results last month: Service revenues amounted to $41,000, variable costs were $19,680, and fixed

please answer

image text in transcribed Crane's Environmental Consulting Service LLP had the following operating results last month: Service revenues amounted to $41,000, variable costs were $19,680, and fixed costs were $8,200 for the month. Based on this information, compute the following amounts: a. Total contribution margin $ Contribution margin ratio % b. Operating income c. Degree of operation leverage (Round answer to 3 decimal places, e.g. 5.250.) d. Break-even point in dollars (Round answer to 0 decimal places, e.g. 5,275.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Word Search Puzzle Book For Auditing Clerk

Authors: Lx Antu

1st Edition

B09KN7YDD6, 979-8757688466

More Books

Students also viewed these Accounting questions