last month when Harrison creations inc. sold 40,000 units, total sales were $300,000, total variable expenses...
last month when Harrison creations inc. sold 40,000 units, total sales were $300,000, total variable expenses were $240,000, and fixed expenses were $45,000. what is the company's contribution margin ratio? Estimate the change in the company's net operating income if it were to increase its total sales by $1,500.
Homework Answers
| 1) | Contribution Margin ratio | 20% | |||||||||
| Working: | |||||||||||
| # 1 | Sales revenue | $ 3,00,000 | |||||||||
| Variable Expense | $ -2,40,000 | ||||||||||
| Contribution margin | $ 60,000 | ||||||||||
| # 2 | Contribution Margin ratio | = | Contribution Margin/ Sales revenue | ||||||||
| = | $ 60,000 | / | $ 3,00,000 | ||||||||
| = | 20% | ||||||||||
| 2) | Change in net operating income | $ 300 | |||||||||
| Working: | |||||||||||
| Change in net operating income | = | Increase in sales revenue * Contribution margin ratio | |||||||||
| = | $ 1,500 | * | 20% | ||||||||
| = | $ 300 | ||||||||||
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