Bert company budgets sales of 920000 fixed costs of 24800, Accounting Basics

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Bert company budgets sales of 920000 fixed costs of 24800

Question: a. Bert Company budgets sales of $920,000, fixed costs of $24,800, and variable costs of $110,400. 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 35%, sales were $847,000, and fixed costs were $216,410, what was the income from operations?

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Accounting Basics: Bert company budgets sales of 920000 fixed costs of 24800

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