Chapter 5 Formulas Garrison

# Chapter 5 Formulas Garrison - Chapter 5 Formulas Garrison...

• Test Prep
• 1

This preview shows page 1. Sign up to view the full content.

Chapter 5 Formulas - Garrison CM = Contribution Margin Profit = (Sales - Variable Expenses) - Fixed Expenses Profit = (Unit CM x Quantity) - Fixed Expenses (Equation Method) Profit = CM ratio x Sales - Fixed Expenses CM ratio = Contribution Margin/Sales Unit Sales to attain the target profit = (Target Profit + Fixed Expenses)/Unit CM (Formula Method or Shortcut Method) Dollar sales to attain a target profit = (Target Profit + Fixed Expenses)/CM ratio
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern