Contribution Margin Ratio a. Young Company budgets sales of $900,000, fixed costs of $44,600, and variable costs of $198,000. What is the contribution margin ratio for Young Company? (Enter your answer as a whole number.) _________% b. If the contribution margin ratio for Martinez Company is 49%, sales were $757,000, and fixed costs were $255,940, what is the income from operations? $__________

Contribution Margin Ratio a. Young Company budgets sales of $900,000, fixed costs of $44,600, and variable costs of $198,000. What is the contribution margin ratio for Young Company? (Enter your answer as a whole number.) _% b. If the contribution margin ratio for Martinez Company is 49%, sales were $757,000, and fixed costs were $255,940, what is 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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