Question: Contribution Margin Ratio, Variable Cost Ratio, Break - Even Sales Revenue The controller of Jeong Company prepared the following projected income statement: Required: Calculate the
Contribution Margin Ratio, Variable Cost Ratio, BreakEven Sales Revenue
The controller of Jeong Company prepared the following projected income statement:
Required:
Calculate the contribution margin ratio. Note: Enter as a percent, rounded to the nearest whole number.
Calculate the variable cost ratio. Note: Enter as a percent, rounded to the nearest whole number.
Calculate the breakeven sales revenue for Jeong. Note: Round your answer to the nearest dollar.
$
How could Jeong increase projected operating income without increasing the total sales revenue?
Decrease variable cost andor fixed cost
Decrease the contribution margin ratio
Add more people to the sales force
None of the above
PLEASE REPLY WITH CLEAR ANSWERS FOR EACH. THANK YOU!
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