a. Imelda Company budgets sales of $850,000, fixed costs of $19,100, and variable costs of $85,000. What is the contribution margin ratio for Imelda Company? (Enter your answer as a whole number.) fill in the blank 1 % b. If the contribution margin ratio for Peppa Company is 35%, sales were $630,000, and fixed costs were $154,350, what was the income from operations?
a. Imelda Company budgets sales of $850,000, fixed costs of $19,100, and variable costs of $85,000. What is the contribution margin ratio for Imelda Company? (Enter your answer as a whole number.) fill in the blank 1 % b. If the contribution margin ratio for Peppa Company is 35%, sales were $630,000, and fixed costs were $154,350, what was the income from operations?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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a. Imelda Company budgets sales of $850,000, fixed costs of $19,100, and variable costs of $85,000. What is the contribution margin ratio for Imelda Company? (Enter your answer as a whole number.)
fill in the blank 1 %
b. If the contribution margin ratio for Peppa Company is 35%, sales were $630,000, and fixed costs were $154,350, what was the income from operations?
$fill in the blank 2
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