Last month when Holiday Creations, Inc., sold 41,000 units, total sales were $306,000, total variable expenses...
|
Last month when Holiday Creations, Inc., sold 41,000 units, total sales were $306,000, total variable expenses were $253,980, and fixed expenses were $38,600. |
| Required: | |
| 1. |
What is the company’s contribution margin (CM) ratio? |
| 2. |
Estimate the change in the company’s net operating income if it were to increase its total sales by $1,900. |
Homework Answers
Contribution margin=Sales-Variable cost
=(306,000-253980)=$52020
a.Contribution margin ratio=Contribution margin/Sales
=(52020/306000)=17%
b.Change in net operating income=Increase in net operating income
=Increase in Sales*Contribution margin ratio
=1900*17%
=$323
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