
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Everest Sports Gear sold 52,000 units last
month. The total sales revenue was $430,000,
total variable expenses were $328,600, and
fixed expenses were $60,000.
1. What is the company's contribution margin
ratio?
2.Estimate the change in net operating
income if total sales increase by $3,800.
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