a. Young Company budgets sales of $112,900,000, fixed costs of $25,000,000, and variable costs of $66,611,000....
a. Young Company budgets sales of $112,900,000, fixed costs of $25,000,000, and variable costs of $66,611,000. 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 40%, sales were $34,800,000, and fixed costs were $1,500,000, what is the income from operations? $
Homework Answers
Contribution margin = sales - variable costs
= 112,900,000 - 66,611,000
= 46,289,000
Contribution margin ratio = contribution margin / sales
= 46289000 / 112900000
= 41.00%
At 40%
Contribution margin = Contribution margin ratio x sales
Contribution margin = 40% * $34,800,000 = $ 13,920,000
Income from operations = Contribution margin - fixed costs
Income from operations= 13920000 - $1,500,000
= $ 1,2420,000
Add Answer to:
a. Young Company budgets sales of $112,900,000, fixed costs of
$25,000,000, and variable costs of $66,611,000....
Young Company budgets sales of $112,900,000, fixed costs of $25,000,000, and variable costs of $66,611,000. What...
Young Company budgets sales of $112,900,000, fixed costs of $25,000,000, and variable costs of $66,611,000. What is the contribution margin ratio for Young Company? ______ % b. If the contribution margin ratio for Martinez Company is 40%, sales were $34,800,000, and fixed costs were $1,500,000, what was the operating income? ________$
Contribution Margin Ratio a. Young Company budgets sales of $112,900,000, fixed costs of $25,000,000, and variable...
Contribution Margin Ratio a. Young Company budgets sales of $112,900,000, fixed costs of $25,000,000, and variable costs of $66,611,000. What is the contribution margin ratio for Young Company? % b. If the contribution margin ratio for Martinez Company is 40%, sales were $34,800,000, and fixed costs were $1,500,000, what was the operating income?
Contribution Margin Ratio a. Young Company budgets sales of $112,900,000, fixed costs of $25,000,000, and variable...
Contribution Margin Ratio a. Young Company budgets sales of $112,900,000, fixed costs of $25,000,000, and variable costs of $66,611,000. What is the contribution margin ratio for Young Company? % b. If the contribution margin ratio for Martinez Company is 40%, sales were $34,800,000, and fixed costs were $1,500,000, what was the operating income? $
Determine the variable cost per gross-ton mile and the total fixed cost. ✓ A. 41% EX...
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Determine the variable cost per gross-ton mile and the total fixed cost. ✓ A. 41% EX 19-9 Contribution margin ratio...
Determine the variable cost per gross-ton mile and the total fixed cost. ✓ A. 41% EX 19-9 Contribution margin ratio Obj. 2 A. Young Company budgets sales of $112,900,000, fixed costs of $25,000,000, and variable costs of $66,611,000. What is the contribution margin ratio for Young Company? B. If the contribution margin ratio for Martinez Company is 10%, sales were $31,800,000, and fixed costs were $1,500,000, what was the income from operations? SHOW ME HOW
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Contribution Margin Ratio a. Young Company budgets sales of $112,900,000, fixed costs of $25,000,000, and variable costs of $66,611,000. What is the contribution margin ratio for Young Company? % b. If the contribution margin ratio for Martinez Company is 40%, sales were $34,800,000, and fixed costs were $1,500,000, what was the operating income?
Determine the variable cost per gross-ton mile and the total fixed cost. ✓ A. 41% EX 19-9 Contribution margin ratio Obj. 2 A. Young Company budgets sales of $112,900,000, fixed costs of $25,000,000, and variable costs of $66,611,000. What is the contribution margin ratio for Young Company? B. If the contribution margin ratio for Martinez Company is 10%, sales were $31,800,000, and fixed costs were $1,500,000, what was the income from operations? SHOW ME HOW
Determine the variable cost per gross-ton mile and the total fixed cost. ✓ A. 41% EX 19-9 Contribution margin ratio Obj. 2 A. Young Company budgets sales of $112,900,000, fixed costs of $25,000,000, and variable costs of $66,611,000. What is the contribution margin ratio for Young Company? B. If the contribution margin ratio for Martinez Company is 10%, sales were $31,800,000, and fixed costs were $1,500,000, what was the income from operations? SHOW ME HOW
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