a. Old Dominion Company budgets sales of $5,200,000, fixed costs of $550,000 and variable costs of $3,328,000.

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a. Old Dominion Company budgets sales of $5,200,000, fixed costs of $550,000 and variable costs of $3,328,000. What is the contribution margin ratio for Old Dominion Company?

b. If the contribution margin ratio for TRA Company is 35%, sales are $3,100,000, and fixed costs are $675,000, what is the operating income?

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Survey Of Accounting

ISBN: 9780357132593

9th Edition

Authors: Carl S. Warren, Amanda Farmer

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Question Posted: Sep 25, 2020 07:25 AM

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a. Old Dominion Company budgets sales of $5,200,000, fixed costs of $550,000 and variable costs of $3,328,000.

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a Sales 5200000 Variable costs 3328000 Contribution margi...View the full answer

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