Stephen Company has the following data for its three stores last year: Store A C

Question

Stephen Company has the following data for its three stores last year:

Store A
Contribution margin ratio ?
Contribution margin ?
Variable expenses $240,000
Variable expenses as a percentage of sales 60%

Store B
Contribution margin ratio 20%
Contribution margin $120,000
Variable expenses ?
Variable expenses as a percentage of sales ?

Store C
Contribution margin ratio 40%
Contribution margin ?
Variable expenses $150,000
Variable expenses as a percentage of sales ?

Given the above data, the total company sales were:
1) $1,250,000.
2) $1,375,000.
3) $1,450,000.
4) $ 800,000.

Explanation / Answer

Stephen Company has the following data for its three stores last year: Store A Contribution margin ratio 40% Contribution margin $160,000 Variable expenses $240,000 Variable expenses as a percentage of sales 60% Store B Contribution margin ratio 20% Contribution margin $120,000 Variable expenses $480,000 Variable expenses as a percentage of sales 60% Store C Contribution margin ratio 40% Contribution margin $100,000 Variable expenses $150,000 Variable expenses as a percentage of sales 60% Given the above data, the total company sales were: 1) $1,250,000.

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