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Contribution Margin Ratio, Variable Cost Ratio, Break-Even Sales Revenue The controller of Sandoval Company prepared the
Posted: Mon May 30, 2022 8:08 am
by answerhappygod
- Contribution Margin Ratio Variable Cost Ratio Break Even Sales Revenue The Controller Of Sandoval Company Prepared The 1 (22.27 KiB) Viewed 12 times
Contribution Margin Ratio, Variable Cost Ratio, Break-Even Sales Revenue The controller of Sandoval
Company prepared the following projected income
statement: Sales $90,000 Total Variable cost 74,000 Contribution margin $16,000 7,000 Operating income $9,000 Required: 1. Calculate the contribution margin ratio. Round your answer to the nearest whole number. % 2. Calculate the variable cost ratio. Round your answer to the nearest whole number. % 3. Calculate the break-even sales revenue for Sandoval. If required, round your answer to nearest dollar. Total Fixed cost