Contribution margin ratio a. Coastal Company budgets sales of $1,280,000, fixed costs of $83,500, and variable costs of $371,200. What is the contribution margin ratio for Coastal Company? % b. If the contribution margin ratio for Bushner Company is 66%, sales were $904,000, and fixed costs were $423,610, what was the operating income?

Contribution margin ratio a. Coastal Company budgets sales of $1,280,000, fixed costs of $83,500, and variable costs of $371,200. What is the contribution margin ratio for Coastal Company? % b. If the contribution margin ratio for Bushner Company is 66%, sales were $904,000, and fixed costs were $423,610, what was the operating income?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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