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FINANCIAL ACCOUNTING
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 alt="a. Young Company budgets sales of $1,120,000, fixed costs of $55,400, and variable costs of $246,400. What is the contribution margin ratio for Young
Company?
b. If the contribution margin ratio for Martinez Company is 58%, sales were $561,000, and fixed costs were $234,270, what was the operating income?
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Transcribed Image Text:a. Young Company budgets sales of $1,120,000, fixed costs of $55,400, and variable costs of $246,400. What is the contribution margin ratio for Young
Company?
b. If the contribution margin ratio for Martinez Company is 58%, sales were $561,000, and fixed costs were $234,270, what was the operating income?
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- a. Young Company budgets sales of $960,000, fixed costs of $34,600, and variable costs of $153,600. What is the contribution margin ratio for Young Company? b. If the contribution margin ratio for Martinez Company is 61%, sales were $559,000, and fixed costs were $248,920, what was the operating income?arrow_forwardNeed help with this questionarrow_forwardIf the contribution margin ratio for Martinez Company is 51%, sales were $707,000, and fixed costs were $248,790, what was the operating income?$fill in the blank 2arrow_forward
- Contribution Margin Ratio a. Young Company budgets sales of $1,050,000, fixed costs of $80,300, and variable costs of $357,000. What is the contribution margin ratio for Young Company? D% b. If the contribution margin ratio for Martinez Company is 39%, sales were $627,000, and fixed costs were $190,730, what was the operating income?arrow_forwardHow do you get income from operations? (see attached)arrow_forwardContribution Margin Ratio a. Imelda Company budgets sales of $810,000, fixed costs of $62,000, and variable costs of $275,400. 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 62%, sales were $596,000, and fixed costs were $273,440, what was the income from operations?arrow_forward
- If a company had a contribution margin of $21,000 and a contribution margin ratio of 70%, total variable costs must have been …arrow_forwardContribution Margin Ratio a. Imelda Company budgets sales of S1,800,000, fixed costs of $394,000, and variable costs of $1,116,000. 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 42%, sales were $2,500,000, and fixed costs were $590,000, what was the income from operations? $_arrow_forwardContribution margin ratio a. Coastal Company budgets sales of $1,080,000, fixed costs of $38,900, and variable costs of $172,800. What is the contribution margin ratio for Coastal Company?fill in the blank 1 of 1 % b. If the contribution margin ratio for Bushner Company is 42%, sales were $848,000, and fixed costs were $277,800, what was the operating income?fill in the blank 1 of 1$arrow_forward
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