D&R Corp. has annual revenues of $266,000, an average contribution margin ratio of 32%, and...
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D&R Corp. has annual revenues of $266,000, an average contribution margin ratio of 32%, and fixed expenses of $114,500. If 19,700 units of the new product could be sold at a price of $13.6 per unit, and the company's other business did not change, calculate D&R's total operating income and average contribution margin ratio. (Round your intermediate calculations to 2 decimal places. Round "Average contribution margin ratio" to 2 decimal places.) Please show your work.
Total operating income=
Average contribution margin ratio %=
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