**Contribution Margin Ratio****a.** Young Company budgets sales of $1,150,000, fixed costs of $80,200, and variable costs of $356,500. What is the contribution margin ratio for Young Company? [Blank for answer] %**b.** If the contribution margin ratio for Martinez Company is 62%, sales were $517,000, and fixed costs were $240,410, what was the operating income? $[Blank for answer]

Contribution margin ratio=Budgeted sales-Variable costsBudgeted sales×100 Operating…

Contribution Margin Ratio a. Young Company budgets sales of $1,150,000, fixed costs of $80,200, and variable costs of $356,500. What is the contribution margin ratio for Young Company? % b. If the contribution margin ratio for Martinez Company is 62%, sales were $517,000, and fixed costs were $240,410, what was the operating income? LA

Contribution Margin Ratio a. Young Company budgets sales of $1,150,000, fixed costs of $80,200, and variable costs of $356,500. What is the contribution margin ratio for Young Company? % b. If the contribution margin ratio for Martinez Company is 62%, sales were $517,000, and fixed costs were $240,410, what was the operating income? LA

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 9E: Contribution margin ratio Young Company budgets sales of 112,900,000, fixed costs of 25,000,000, and...

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Contribution margin ratio Young Company budgets sales of 112,900,000, fixed costs of 25,000,000, and variable costs of 66,611,000. What is the contribution margin ratio for Young Company? If the contribution margin ratio for Martinez Company is 40%, sales were 34,800,000, and fixed costs were 1,500,000, what was the operating income?
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