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pduvin pduvin
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7 years ago
Blankinship, Inc., sells a single product. The company's most recent income statement is given below.

   Sales   $200,000
   Less variable expenses   (120,000)
   Contribution margin   80,000
   Less fixed expenses   (50,000)
   Net income   $30,000

Required:
a.   Contribution margin ratio is   ________ %

b.   Break-even point in total sales dollars is   $ ________

c.   To achieve $40,000 in operating income, sales must total   $ ________

d.   If sales increase by $50,000, net income will increase by   $ ________
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
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pachopacho
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7 years ago
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This site is awesome
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Thanks for your help!!
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