ACCT640 - Chapter 3 - Homework
AsmaLast month when Harrison Creations, Inc., sold 40,000 units, total sales were $300,000, total variable expenses were $240,000, and fixed expenses were $45,000. |
Required: | |
1. | What is the company’s contribution margin (CM) ratio?
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2. | Estimate the change in the company’s net operating income if it were to increase its total sales by $1,500.
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- 10 years ago