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ow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker assignments&takeAssignmentSessionLocator; assign... eBook Contribution Margin Ratio a. Yountz Company budgets sales of $1,200,000, fixed costs of $81,000, and variable costs of $360,000. What is Show Me How Calculator the contribution margin ratio for Yountz Company? (Enter your answer as a whole number.) b. If the contribution margin ratio for vera Company is 62%, sales were $750,000, and fixed costs were $367,350, what was the income from operations? Check My Work ?Previous Next? All work saved Instructor Save and Exit Submit Assignment for Grading

Explanation / Answer

a) Contribution margin = 1200000-360000 = 840000

Contribution margin ratio = 840000*100/1200000 = 70%

b) Income from operation = Contribution margin-Fixed cost

= (750000*62%)-367350

Income from operation = 97650

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