a. Coastal Company budgets sales of $38,600,000, fixed costs of $5,000,000, and variable costs of $23,932,000. What

Question:

a. Coastal Company budgets sales of $38,600,000, fixed costs of $5,000,000, and variable costs of $23,932,000. What is the contribution margin ratio for Coastal Company?
b. If the contribution margin ratio for Bushner Company is 48%, sales were $50,000,000, and fixed costs were $18,400,000, what was the operating income?

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