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2 38 oints eBook Hint Exercise 6-4 (Algo) Computing and Using the CM Ratio [LO6-3] Last month when Hollday Creations, In
Posted: Sun Jul 03, 2022 3:50 pm
by answerhappygod
- 2 38 Oints Ebook Hint Exercise 6 4 Algo Computing And Using The Cm Ratio Lo6 3 Last Month When Hollday Creations In 1 (32.72 KiB) Viewed 11 times
2 38 oints eBook Hint Exercise 6-4 (Algo) Computing and Using the CM Ratio [LO6-3] Last month when Hollday Creations, Incorporated, sold 35,000 units, total sales were $140,000, total variable expenses were $113,400, and fixed expenses were $38,500. 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 475 units and total sales by $1,900? (Do not round Intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income 19%