Variable costs as a percentage of sales for Protoveo Inc. are 65%, sales are $50

Question

Variable costs as a percentage of sales for Protoveo Inc. are 65%, sales are $500,000, and fixed costs are $125,000. How much would operating income change if sales decrease by $10,000?

What is the contribution margin ratio of SuperGalaxy Enterprises with sales of $120,000, 65% of sales are variable costs, and operating income of $24,000?

a. $3,500 increase b. $3,250 increase c. $3,500 decrease d. $3,250 decrease

What is the contribution margin ratio of SuperGalaxy Enterprises with sales of $120,000, 65% of sales are variable costs, and operating income of $24,000?

a. 25% b. 56% c. 35% d. 20%

Explanation / Answer

Variable costs as a percentage of sales for Protoveo Inc. are 65%, sales are $50

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