Assume that the variable costs consist of food and paper, payroll and emplovee benefits, and...

90.2K

Verified Solution

Question

Accounting

image
Assume that the variable costs consist of food and paper, payroll and emplovee benefits, and 40% of the selling, general, and administrative expenses. a. What is McDooley's contribution maroin? \$ x b. What is MCDooley's contribution margin ratio? Round vour percentage answer to one decimal place. c. How much would operating income increase if the stores sales increased br $6,200 for the coming year, with no change in the contribution margit ratio or fined costs? d. What would have been the operating income or loss for the recent vear if sales had been 56,200 more

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