Contribution Margin Ratio a. Imelda Company budgets sales of $1,080,000, fixed costs of $82,600, and variable costs of $367,200. What is the contribution margin ratio for Imelda Company? (Enter your answer as a whole number.) % b. If the contribution margin ratio for Peppa Company is 58%, sales were $814,000, and fixed costs were $363,530, what was the income from operations?

Contribution Margin Ratio a. Imelda Company budgets sales of $1,080,000, fixed costs of $82,600, and variable costs of $367,200. What is the contribution margin ratio for Imelda Company? (Enter your answer as a whole number.) % b. If the contribution margin ratio for Peppa Company is 58%, sales were $814,000, and fixed costs were $363,530, what was the income from operations?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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