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Author Question: If the contribution margin ratio is 0.60, targeted operating income is $95,000, and targeted sales ... (Read 74 times)

beccaep

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Question 1

If the contribution margin ratio is 0.25, targeted operating income is $50,000, and targeted sales volume in dollars is $260,000, then total fixed costs are ________.
◦ $35,000
◦ $210,000
◦ $157,500
◦ $15,000

Question 2

If the contribution margin ratio is 0.60, targeted operating income is $95,000, and targeted sales volume in dollars is $530,000, then the degree of operating leverage is ________.
◦ 0.30 times
◦ 0.67 times
◦ 3.35 times
◦ 2.23 times


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Marked as best answer by beccaep on Mar 6, 2021

bd5255

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beccaep

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it


aliotak

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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