Homework Answers
a.
| Sales | $ 14,100.00 |
| Less Variable Costs | |
| Food and packaging | $ 4,020.00 |
| Payroll | $ 3,600.00 |
| General, selling and administrative expenses | $ 840.00 |
| Total Variable Costs | $ 8,460.00 |
| Contribution Margin | $ 5,640.00 |
b.
Contribution Margin Ratio = Contribution Margin / Sales x 100
= $5640 / $14100 x 100 = 40%
c.
New Sales = $14100 + $800 = $14900
Contribution Margin = $14900 x 40% = $5960
Fixed Costs = $3960 + $2100 x 60% = $5220
Income from Operations = Contribution Margin - Fixed Costs
= $5960 - $5220 = $740
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