(a) If Swannanoa Company's budgeted sales are $1,000,000, fixed costs are $350,000, and variable costs are $600,000, whatis the budgeted contribution margin ratio?
(b) If the contribution margin ratio is 30%, sales are $900,000 and fixed costs are $200,000, what is the operating profit?

Question

(a) If Swannanoa Company's budgeted sales are $1,000,000, fixed costs are $350,000, and variable costs are $600,000, whatis the budgeted contribution margin ratio?
(b)  If the contribution margin ratio is 30%, sales are $900,000 and fixed costs are $200,000, what is the operating profit?

Quizplus · Accepted Answer

The Answer of (a) If Swannanoa Company's budgeted sales are $1,000,000, fixed costs are $350,000, and variable costs are $600,000, whatis the budgeted contribution margin ratio?
(b)  If the contribution margin ratio is 30%, sales are $900,000 and fixed costs are $200,000, what is the operating profit?

(A) If Swannanoa Company's Budgeted Sales Are $1,000,000, Fixed Costs