The controller of Pelly Corporation prepared the following projected income statement: Sales $ 9 5 , 0

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Question:

The controller of Pelly Corporation prepared the following projected income statement:

Sales $

95, 000

Total variable cost

68, 400

Contribution margin

26, 600

Total fixed cost

14, 000

Operating Income $

12, 600

Required:

1 .

Calculate the contribution margin ratio.

2 .

Calculate the variable cost ratio.

3 .

Calculate the break

-

even sales revenue for Pelley.

Related Book For answer-question

Calculus With Applications

ISBN: 9780135871348

12th Edition

Authors: Margaret L. Lial

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Posted Date: Feb 10, 2024 12:23 AM

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The controller of Pelly Corporation prepared the following projected income statement: Sales $ 9 5 , 0

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Expert Answer:

Heres how you can calculate the requested metrics 1 Contribution Margin Ratio The Contribution Margi... View the full answer

Calculus With Applications

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