Last month when Holiday Creations, Incorporated, sold 38,000 units, total sales were $152,000, total variable expenses...
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Last month when Holiday Creations, Incorporated, sold 38,000 units, total sales were $152,000, total variable expenses were S107,920, 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 325 units and total sales by $1,300? (Do not round intermediate calculations.) Last month when Holiday Creations, Incorporated, sold 38,000 units, total sales were $152,000, total variable expenses were S107,920, 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 325 units and total sales by $1,300? (Do not round intermediate calculations.)
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Answer rating: 100% (QA)
Answer 1 029 or 29 2 377 Explanation 1 Unit selling pric... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Posted Date:
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