Question: a. Bert Company budgets sales of $1,250,000, fixed costs of $450,000, and variable costs of $200,000. What is the contribution margin ratio for Bert Company?

a. Bert Company budgets sales of $1,250,000, fixed costs of $450,000, and variable costs of $200,000. What is the ratio for Bert Company?
b. If the ratio for Ernie Company is 40%, sales were $750,000, and fixed costs were $225,000, what was the income from operations?

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