Question

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 $255,940, what is the income from operations?$__

Name: contribution margin ratio a young company budgets sales of 900000 fixed costs of 44600 and variable costs of 198000 what is the contribution margin ratio for young company enter your answer 20655
Uploaded: 2022-05-19T13:05:24-08:00
Duration: 3 min 20 s
Channel: Derrick Danso
Description: contribution margin ratio a young company budgets sales of 900000 fixed costs of 44600 and variable costs of 198000 what is the contribution margin ratio for young company enter your answer 20655

          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 $255,940, what is the income from operations?$__________

Added by Stacy Y.

Horngren’s Cost Accounting

Srikant M. Datar, Madhav V. Rajan 16th Edition

Instant Answer

Solved by Expert Derrick Danso

05/19/2022

Step 1

Contribution Margin = Sales - Variable Costs Contribution Margin = $900,000 - $198,000 Contribution Margin = $702,000 Show more…

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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 $255,940, what is the income from operations?$__________