Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $299,000, total variable expenses were $215,280, and fixed expenses were $35,300.
Homework Answers
Solution
| Contribution margin ratio | 28% |
| Estimated change in net operating income | $ 728.00 |
Working
| Sales revenue | $ 299,000.00 |
| Variable cost | $ 215,280.00 |
| Contribution margin | $ 83,720.00 |
| Contribution margin ratio (83720/299000) | 28% |
| Estimated change in net operating income (2600 x 28%) | $ 728.00 |
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