In March, Mitchell Limited had sales of $384,300 (63,000 units), total variable expenses of $249,795,...
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Accounting
| In March, Mitchell Limited had sales of $384,300 (63,000 units), total variable expenses of $249,795, and total fixed expenses of $101,500. |
| Required: | |
| 1. | What is the companys CM ratio? |
| 2. | Calculate the break-even level of sales in dollars. |
| 3. | Estimate the change in the companys operating income if it increased its total sales by $15,250. (Do not round intermediate calculations. Round your answers to 2 decimal places.) |
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