1. a.Yountz Company budgets sales of $2,400,000, fixed costs of $525,000, and variable costs of $1,560,000. What...

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Question:

1. a.Yountz Company budgets sales of $2,400,000, fixed costs of $525,000, and variable costs of $1,560,000. What is the contribution margin ratio for Yountz Company? (Enter your answer as a whole number.)

b. If the contribution margin ratio for Vera Company is 40%, sales were $3,400,000, and fixed costs were $800,000, what was the income from operations?

Break-Even Sales and Sales to Realize Income from Operations

2. For the current year ended October 31, Yentling Company expects fixed costs of $14,000,000, a unit variable cost of $200, and a unit selling price of $300.

a. Compute the anticipated break-even sales (units).

b. Compute the sales (units) required to realize income from operations of $1,400,000.