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 $1,500,000, what was the operating income?
________$
Homework Answers
a.Contribution margin=Sales-Variable cost
=(112,900,000-66,611,000)
=$46289000
Contribution margin ratio=Contribution margin/Sales
=46289000/112,900,000
=41%
b.Contribution margin ratio=Contribution margin/Sales
Contribution margin would be=34,800,000*40%
=$13920000
Less:Fixed cost=1,500,000
Operating income=$12,420,000
Add Answer to:
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