(Answered) Contribution margin ratio a bert company budgets sales of

Management Studies

Contribution Margin Ratio a. Bert Company budgets sales of $740,000, fixed costs of $25,000, and variable costs of $111,000. What is the contribution margin ratio for Bert Company? (Enter your answer as a whole number.) % b. If the contribution margin ratio for Ernie Company is 34%, sales were $432,000, and fixed costs were $110,160, what was the income from operations?

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