In March, Mitchell Limited had sales of $409,500 (65,000 units), total variable expenses of $257,985, and...

 

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In March, Mitchell Limited had sales of $409,500 (65,000 units), total variable expenses of $257,985, and total fixed expenses of $77,700. Required: 1. What is the company's CM ratio? CM ratio % 2. Calculate the break-even level of sales in dollars. Break-even level of sales in dollars 3. Estimate the change in the company's operating income if it increased its total sales by $23,310. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Operating income Original New In March, Mitchell Limited had sales of $409,500 (65,000 units), total variable expenses of $257,985, and total fixed expenses of $77,700. Required: 1. What is the company's CM ratio? CM ratio % 2. Calculate the break-even level of sales in dollars. Break-even level of sales in dollars 3. Estimate the change in the company's operating income if it increased its total sales by $23,310. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Operating income Original New

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ANSWER 1 2 3 CM Ratio Explanations Contribution margin Total sales Total variable ... View the full answer