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The Greenback Store's cost structure is dominated by variable costs with a contribution margin ratio of 0.30 and fixed costs of $38,500. Every dollar of sales contributes 30 cents toward fixed costs and profit. The cost structure of a competitor, One-Mart, is dominated by fixed costs with a higher contribution margin ratio of 0.70 and fixed costs of $258,500. Every dollar of sales contributes 70 cents toward fixed costs and profit. Both companies have sales of $550,000 for the month.

Required:

a.Compare the two companies' cost structures.

b.Suppose that both companies experience a 20 percent increase in sales volume. By how much would each company's profits increase?

ThI GreInback Store's cost stmcture is cominIted by variablI costs with a contribution margin ratio of 0.30 and xed costs of $38,500. Every dollar of sales contributes 30 cents toward xed costs and prot. The cost structure oi a competitor, One-Mart, is dominated by xed mats with a higher mmrihution margin ratio M010 and xed costs df$258,500. Every dollarcfsalea contributes 70 cents toward xed mats and prot. Both companies have sales of $550.00!) tor the month. Requ Irod: a. Compare the two oompaniIs' coat structures. Contribution mIrglrI b. Suppose that both companies experience a 20 percent increase in sales volume. By how much would each company's prote increase? Greenback Store's prots lncrease by One-Man's prots increase by