Question

a. Gloucester Company budgets sales of $11,750,000, fixed costs of $2,115,000, and variable costs of $6,815,000. What is the contribution margin ratio for Gloucester Company?
b. If the contribution margin ratio for Eatontown Company is 35%, sales were $6,440,000, and fixed costs were $1,300,000, what was the income from operations?



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  • CreatedMarch 11, 2014
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