Homework Answers
1. Contribution Margin Ratio = Contribution Margin / Sales
Contribution Margin = Sales - Variable Expenses
= $ 306,000 - 250,920
= $ 55,080
Therefore, Contribution Margin Ratio = $55,080 / $306,000
= 18%
2. If sales increase by $2,900, the change in the company's Net Operating Income would be;
= $2,900 x 18%
= $ 522
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