Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $148,000, total variable expenses...
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Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $148,000, total variable expenses were $118,400, and fixed expenses were $39.100. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase sales volume by 375 units and total sales by $1,5007 (Do not round intermediate calculations.) 1. Contribution margin radio 2. Estimated change in net operating income Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $148,000, total variable expenses were $118,400, and fixed expenses were $39.100. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase sales volume by 375 units and total sales by $1,5007 (Do not round intermediate calculations.) 1. Contribution margin radio 2. Estimated change in net operating income
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Related Book For
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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