Question

In March, Mitchell Limited had sales of $462,300 (69,000 units), total variable expenses of $351,348, and...

In March, Mitchell Limited had sales of $462,300 (69,000 units), total variable expenses of $351,348, and total fixed expenses of $45,600.

Required:

1. What is the company’s CM ratio?

2. Calculate the break-even level of sales in dollars.

3. Estimate the change in the company’s operating income if it increased its total sales by $18,090. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Math   Statistics-And-Probability   
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