a. Young Company budgets sales of $700,000, fixed costs of $17,300, and variable costs of $77,000....

Transcribed Image Text:

a. Young Company budgets sales of $700,000, fixed costs of $17,300, and variable costs of $77,000. What is the contribution margin ratio for Young Company? (Enter your answer as a whole number.) % b. If the contribution margin ratio for Martinez Company is 48%, sales were $781,000, and fixed costs were $269,910, what is the income from operations? a. Young Company budgets sales of $700,000, fixed costs of $17,300, and variable costs of $77,000. What is the contribution margin ratio for Young Company? (Enter your answer as a whole number.) % b. If the contribution margin ratio for Martinez Company is 48%, sales were $781,000, and fixed costs were $269,910, what is the income from operations?

Answer rating: 100% (QA)

A Particular Amount Sales 700000 Variable Cost 7700... View the full answer