Contribution margin ratio a. Coastal Company budgets sales of $1,050,000, fixed costs of $82,700, and variable costs of $367,500. What is the contribution margin ratio for Coastal Company? % b. If the contribution margin ratio for Bushner Company is 51%, sales were $448,000, and fixed costs were $178,210, what was the operating income? Contribution margin ratioa. Coastal Company budgets sales of $1,050,000, fixed costs of $82,700, and variable costs of $367,500. What is the contribution margin ratio for Coastal Company?%b. If the contribution margin ratio for Bushner Company is 51%, sales were $448,000, and fixed costs were $178,210, what was the operating income?

Income statement is a financial statement that shows profitability, total revenue and total…

Answered: Contribution margin ratio a. Coastal…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Contribution margin ratio a. Coastal Company budgets sales of $1,050,000, fixed costs of $82,700, and variable costs of $367,500. What is the contribution margin ratio for Coastal Company? % b. If the contribution margin ratio for Bushner Company is 51%, sales were $448,000, and fixed costs were $178,210, what was the operating income?

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