Contribution Margin Ratio a. Young Company budgets sales of $1,090,000, fixed costs of $54,000, and variable...

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Contribution Margin Ratio a. Young Company budgets sales of $1,090,000, fixed costs of $54,000, and variable...

Contribution Margin Ratio

a. Young Company budgets sales of $1,090,000, fixed costs of $54,000, and variable costs of $239,800. What is the contribution margin ratio for Young Company? (Enter your answer as a whole number.)
%

b. If the contribution margin ratio for Martinez Company is 28%, sales were $421,000, and fixed costs were $87,230, what is the income from operations?
$

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Answer 1

Answer #1

a. Calculation of contribution margin ratio:

Results of the excel sheet are as follows:

Thus, the contribution margin ratio is 78%.

b. Calculation of income from operations:

Results of the excel sheet are as follows:

Thus, the operating income is $30,650.

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Answer 2

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Contribution Margin Ratio a. Young Company budgets sales of $1,090,000, fixed costs of $54,000, and variable...

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Contribution Margin Ratio a. Young Company budgets sales of $1,090,000, fixed costs of $54,000, and variable...

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Contribution Margin Ratio a. Young Company budgets sales of $112,900,000, fixed costs of $25,000,000, and variable...

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Contribution Margin Ratio a. Young Company budgets sales of $112,900,000, fixed costs of $25,000,000, and variable...

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4. Contribution Margin Ratio a. Young Company budgets sales of $1,080,000, fixed costs of $43,700, and...

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Homework Answers

Add Answer to: Contribution Margin Ratio a. Young Company budgets sales of $1,090,000, fixed costs of $54,000, and variable...

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Add Answer to:
Contribution Margin Ratio a. Young Company budgets sales of $1,090,000, fixed costs of $54,000, and variable...