Given below are the two independent situations:
(a) If Herry Company's budgeted sales are $ \$ 800,000 $, fixed costs are $ \$ 350,000 $, and variable costs are $ \$ 600,000 $, what is the budgeted contitibution margin ratio?

(b) If the contribution margin ratio is $ 30 \% $ for Gray Company, sales are $ \$ 900,000 $, and fixed costs are $ \$ 180,000 $, what is the operating profit?

Question

Given below are the two independent situations:
 (a) If Herry Company's budgeted sales are $ \$ 800,000 $, fixed costs are $ \$ 350,000 $, and variable costs are $ \$ 600,000 $, what is the budgeted contitibution margin ratio?

(b) If the contribution margin ratio is $ 30 \% $ for Gray Company, sales are $ \$ 900,000 $, and fixed costs are $ \$ 180,000 $, what is the operating profit?

Quizplus · Accepted Answer

The Answer of Given below are the two independent situations:
 (a) If Herry Company's budgeted sales are $ \$ 800,000 $, fixed costs are $ \$ 350,000 $, and variable costs are $ \$ 600,000 $, what is the budgeted contitibution margin ratio?

(b) If the contribution margin ratio is $ 30 \% $ for Gray Company, sales are $ \$ 900,000 $, and fixed costs are $ \$ 180,000 $, what is the operating profit?

Given Below Are the Two Independent Situations: (A) If $800,000 \$ 800,000 $800,000

Given Below Are the Two Independent Situations:
(A) If $\$ 800,000$