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a. Bryan Company budgets sales of $1,800,000, fixed costs of $1,000,000, and variable costs of $1,080,000. What is the contribution margin ratio for Bryan Company? (Enter your answer as a whole number.) % b. If the contribution margin ratio for Carnegie Company is 32%, sales were $900,000, and fixed costs were $210,000, what was the income from operations?
Variable costs = 1,080,000 Contribution margin = $720,000 contribution margin ratio = 720000/1800000 = 40% b) sales = $900,000 contribution margin ratio 32% contribution margin = 288000 less fixed cost = 210000 Income from operation = $78000
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