Contribution Margin Ratio a.  Young Company budgets sales of $950,000, fixed costs of $55,600, and variable costs of $247,000. What is the contribution margin ratio for Young Company?% b.  If the contribution margin ratio for Martinez Company is 62%, sales were $563,000, and fixed costs were $254,810, what was the operating income?$

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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Contribution Margin Ratio

a.  Young Company budgets sales of $950,000, fixed costs of $55,600, and variable costs of $247,000. What is the contribution margin ratio for Young Company?
%

b.  If the contribution margin ratio for Martinez Company is 62%, sales were $563,000, and fixed costs were $254,810, what was the operating income?
$

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