Young Company budgets sales of $1,210,000, fixed costs of $68,100, and variable costsof $302,500. What is the contribution margin ratio for Young Company? _______% b. If the contribution margin ratio for Martinez Company is 40%, sales were $684,000, and fixed costs were $213,410, what was the operating income? $_______

Young Company budgets sales of $1,210,000, fixed costs of $68,100, and variable costsof $302,500. What is the contribution margin ratio for Young Company? _% b. If the contribution margin ratio for Martinez Company is 40%, sales were $684,000, and fixed costs were $213,410, 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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