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Contribution Margin Ratio a. Young Company budgets sales of $760,000, fixed costs of $22,200, and variable...

Contribution Margin Ratio

a. Young Company budgets sales of $760,000, fixed costs of $22,200, and variable costs of $98,800. What is the contribution margin ratio for Young Company?
fill in the blank 1 %

b. If the contribution margin ratio for Martinez Company is 67%, sales were $511,000, and fixed costs were $246,510, what was the operating income?
$fill in the blank 2

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Answer #1

a) Contribution Margin Ratio=87%

b) Operating income=$95860

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