Assignment: 21-2 Homework - Exercise 21-9 (Algorithmic)

Contribution Margin Ratio

A. Bert Company budgets sales of $900,000, fixed costs of $46,600, and variable costs of $207,000. What is the contribution margin ratio for Bert Company? (Enter your answer as a whole number.) % ___________

B. If the contribution margin ratio for Ernie Company is 42%, sales were $855,000, and fixed costs were $254,960, what was the income from operations? $ __________