Homework Answers
Variable Food and Packaging = $4,896.9
Variable Payroll = $4,134.2
Variable General, Selling and Administrative expenses = 40% * $2,384.5
= $953.8
Fixed General, Selling and Administrative expenses = 60% * $2,384.5
= $1,430.7
Fixed Occupancy = $3,667.7
Total fixed costs = $1,430.7 + $3,667.7
= $5,098.4
Total variable cost = Variable Food and Packaging + Variable Payroll + Variable General, Selling and Administrative expenses
= $4,896.9 + $4,134.2 + $953.8
= $9,984.9
a.
McDonald's Contribution margin = Sales - Variable costs
= $15,295.0 - $9,984.9
= $5,310.1
b.
McDonald's Contribution margin ratio = Contribution margin / Sales
= $5,310.1 / $15,295.0
= 34.7%
c.
Increase in Operating income = $800 * 34.7%
= $277.6
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