a. Bert Company budgets sales of $830,000, fixed costs of $48,600, and variable costs of...

70.2K

Verified Solution

Question

Accounting

a. Bert Company budgets sales of $830,000, fixed costs of $48,600, and variable costs of $215,800. What is the contribution margin ratio for Bert Company? (Enter your answer as a whole number.)

____ %

b. If the contribution margin ratio for Ernie Company is 62%, sales were $878,000, and fixed costs were $391,940, what was the income from operations?

$______

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students