Evergreen Decorations, Inc. sold 40,000 units last month. The financial details are as follows: Particulars Total Sales Revenue Value $350,000 Total Variable Expenses $250,000 Fixed Expenses $45,000 What is the company's Contribution Margin (CM) Ratio?
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- What is the company's contribution margin ratio of this financial accounting question?Last month when Holiday Creations, Incorporated, sold 41.000 units, total sales were $164,000, total variable expenses were $136,120, and fixed expenses were $37,000. Required: 1. What is the company's contribution margin (CM) ratio?EXERCISE: Computing and Using the CM Ratio,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
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