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Question 1.5 needed please. Question 1.4 4 points USE THE FOLLOWING TO ANSWER QUESTIONS 4 AND S Princess Ariel sells two types of beach towels,
Question 1.5 needed please.
Question 1.4 4 points USE THE FOLLOWING TO ANSWER QUESTIONS 4 AND S Princess Ariel sells two types of beach towels, Standard and Deluxe. For the Standard towel, budgeted sales for the the year are $450,000, budgeted variable expenses are $360,000, and the budgeted contribution margin ratio is 20%, For the Deluxe towel, budgeted sales for the year are $50,000, budgeted variable expenses are $20,000, and the budgeted contribution margin ratio is 60%. Princess Ariel also budgets $57,600 in company-wide fixed expenses for the year. Princess Ariel's budgeted operating income for the year is: O $120,000 O $62,400 O $32,400 O $4,800 Question 1.5 4 point Princess Ariel's actual total sales for the year were $500,000; however, sales of Standard towels were $300,000 and sales of Deluxe towels were $200,000. Variable and fixed expenses were in line with the budget as presented in question 4 above. Princess Ariel's actual operating income for the year was: O $120,000, $74,800, O $122,400 O $62.400Step by Step Solution
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