Contribution Margin Ratio a. Imelda Company budgets sales of $1,080,000, fixed costs of $82,600, and variable costs of $367,200. What is the contribution margin ratio for Imelda Company? (Enter your answer as a whole number.) % b. If the contribution margin ratio for Peppa Company is 58%, sales were $814,000, and fixed costs were $363,530, what was the income from operations?
Contribution Margin Ratio a. Imelda Company budgets sales of $1,080,000, fixed costs of $82,600, and variable costs of $367,200. What is the contribution margin ratio for Imelda Company? (Enter your answer as a whole number.) % b. If the contribution margin ratio for Peppa Company is 58%, sales were $814,000, and fixed costs were $363,530, what was the income from operations?
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter6: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 9E: Contribution margin ratio Young Company budgets sales of 112,900,000, fixed costs of 25,000,000, and...
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