Contribution margin ratio

This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below.

Open spreadsheet

a$.$ Coastal Company budgets sales of $$1,250,000,$ fixed costs of $$92,800,$ and variable costs of $$412,500.$ What is the contribution margin ratio for Coastal Company?

fill in the blank $1$ of $1$

$\%$

b$.$ If the contribution margin ratio for Bushner Company is $61\%,$ sales were $$602,000,$ and fixed costs were $$282,760,$ what was the operating income?

fill in the blank $1$ of $1$$Contribution margin ratio

x$$

Open spreadsheet $\%$ $