View the step-by-step solution to:

Question

How do you calculate sales & variable costs from only being given fixed costs, net operating income, and

CMR.


ex.

Sales - ?

Variable Costs - ?

Fixed Costs - $471,000

Net Operating Income - $93570

Contribution Margin Ratio - 81%

Top Answer

Contribution Margin Ratio = (Sales - Variable Cost) / Sales <=> 81% = (Sales - Variable Cost) / Sales... View the full answer

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question