a. Old Dominion Company budgets sales of $5,200,000, fixed costs of $550,000 and variable costs of $3,328,000.
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a. Old Dominion Company budgets sales of $5,200,000, fixed costs of $550,000 and variable costs of $3,328,000. What is the contribution margin ratio for Old Dominion Company?
b. If the contribution margin ratio for TRA Company is 35%, sales are $3,100,000, and fixed costs are $675,000, what is the operating income?
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