In March, Mitchell Limited had sales of $372,000 (62,000 units), total variable expenses of $245,520, and total fixed expenses of $85 000 Required 1 What is the company 's CM ratio 2 Calculate the break even level of sales in dollars 3 Estimate the change in the company 's operating income if it in...

ANSWER Solution Income Statement of the Ms Mitchell Limited under Variable Cost method a ...

In March, Mitchell Limited had sales of $372,000 (62,000 units), total variable expenses of $245,520, and total

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In March, Mitchell Limited had sales of $372,000 (62,000 units), total variable expenses of $245,520, and total fixed expenses of $85.000.
Required:
1. What is the company's CM ratio?
2. Calculate the break-even level of sales in dollars.
3. Estimate the change in the company's operating income if it increased its total sales by $12,000. (Do not round intermediate calculations. Round your answers to 2 decimal places.)