4. Contribution Margin Ratio a. Young Company budgets sales of $1,080,000, fixed costs of $43,700, and...
4. Contribution Margin Ratio
a. Young Company budgets sales of $1,080,000, fixed costs of $43,700, and variable costs of $194,400. What is the contribution margin ratio for Young Company?
_______%
b. If the contribution margin ratio for Martinez Company is 63%, sales were $556,000, and fixed costs were $269,720, what was the operating income?
$
5. Break-even sales and sales to realize operating income
For the current year ended March 31, Cosgrove Company expects fixed costs of $494,400, a unit variable cost of $49, and a unit selling price of $73.
a. Compute the anticipated break-even sales
(units).
units
b. Compute the sales (units) required to
realize operating income of $112,800.
units
Homework Answers
4) Contribution margin ratio = (1080000-194400)/1080000 = 82%
b) Operating income = (556000*63%)-269720 = 80560
5a) Break even unit = 494400/(73-49) = 20600 Units
5b) Required unit = (494400+112800)/24 = 25300 Units
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