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Question
Submitted by abbttm on Sun, 2016-11-06 14:06
due on Sat, 2016-11-19 22:04
answered 1 time(s)
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Accounting Work for WAQAS1ACA ONLY

 

Last month when Holiday Creations, Inc., sold 50,000 units, total sales were $200,000, total variable expenses were $120,000, and fixed expenses were $65,000.



Required:

1. What is the company’s contribution margin (CM) ratio?

 

 

2. Estimate the change in the company’s net operating income if it were to increase its total sales by $1,000.

Estimated change in net operating income________?

Answer
Submitted by WAQAS1ACA on Sun, 2016-11-06 14:15
teacher rated 317 times
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