Question

a. Knick Company budgets sales of $ 2,750,000, fixed costs of $ 600,000, and variable costs of $ 1,760,000. What is the contribution margin ratio for Knick Company?
b. If the contribution margin ratio for Koval Company is 40%, sales were $ 1,450,000, and fixed costs were $ 356,000, what was the income from operations?



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  • CreatedJune 27, 2014
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