Variable cost = 9201+7200+(4200*40%) = 18081
a) Contribution margin = 28700-18081 = 10619 million
b) Contribution margin ratio = 10619/28700 = 37%
c) Increase (1700*37%) = $629 million
eBook Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company, a business consisting...
eBook Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company, a business consisting of company-owned restaurants, had the following sales and expenses (in millions): Sales $28,700 Food and packaging $9,201 Payroll 7,200 Occupancy (rent, depreciation, etc.), 7,239 General, selling, and administrative expenses 4,200 $27,840 Income from operations $860 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is Wicker Company's contribution margin? million b....
Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions): Sales $16,300 Food and packaging $5,046 Payroll 4,100 Occupancy (rent, depreciation, etc.) 4,264 General, selling, and administrative expenses 2,400 $15,810 Income from operations $490 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is Wicker Company's contribution margin? Round to the nearest million. (Give answer in...
Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions): Sales $14,300 Food and packaging $6,142 Payroll 3,600 Occupancy (rent, depreciation, etc.) 2,028 General, selling, and administrative expenses 2,100 $13,870 Income from operations $430 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is Wicker Company's contribution margin? Round to the nearest million. (Give answer in...
Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions): Sales $29,500 Food and packaging $10,055 Payroll 7,400 Occupancy (rent, depreciation, etc.) 6,865 General, selling, and administrative expenses 4,300 $28,620 Income from operations $880 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is Wicker Company's contribution margin? Round to the nearest million. (Give answer in...
Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions): $41,800 Sales Food and packaging $11,722 Payroll 10,500 Occupancy (rent, depreciation, etc.) 12,228 6,100 General, selling, and administrative expenses $40,550 Income from operations $1,250 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is Wicker Company's contribution margin? Round to the nearest million. (Give answer in...
Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions): Sales $38,700 Food and packaging $11,180 Payroll 9,800 Occupancy (rent, depreciation, etc.) 10,960 General, selling, and administrative expenses 5,600 $37,540 Income from operations $1,160 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is Wicker Company's contribution margin? Round to the nearest million. (Give answer in...
21-3 Exercises & Problems Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions): Sales $27,400 $7,392 6,900 Food and packaging Payroll Occupancy (rent, depreciation, etc.) General, selling, and administrative expenses 8,288 4,000 $26,580 Income from operations $820 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is Wicker Company's contribution margin? Round to the nearest...
Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions): Sales $30,100 Food and packaging $11,409 Payroll 7,600 Occupancy (rent, depreciation, etc.) 5,791 General, selling, and administrative expenses 4,400 $29,200 Income from operations $900 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is Wicker Company's contribution margin? Round to the nearest million. (Give answer in...
For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions): Sales $33,800 Food and packaging $9,820 Payroll 8,500 Occupancy (rent, depreciation, etc.) 9,570 General, selling, and administrative expenses 4,900 $32,790 Income from operations $1,010 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is Wicker Company's contribution margin? Round to the nearest million. (Give answer in millions of dollars.) $ million b....
For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions): Sales $33,100 Food and packaging $11,626 Payroll 8,300 Occupancy (rent, depreciation, etc.) 7,384 General, selling, and administrative expenses 4,800 $32,110 Income from operations $990 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is Wicker Company's contribution margin? Round to the nearest million. (Give answer in millions of dollars.) $ million b....