sagnik2422
Sep 15, 2014, 02:28 PM
Assume that more than one product is being sold in the following situation:
Sales = $456,000
Variable Expenses = ?
Fixed Expenses = ?
Net Operating Income (loss) = $86,080
Contribution Margin ratio (percent) = 43%
Required : Find Missing Amounts
I really want to get how to solve so please show steps :)
My work: I tried doing the contribution format income statement but to no avail because variable and fixed were missing and I know CM ratio = UCM/ USP but this didn't really help
Sales = $456,000
Variable Expenses = ?
Fixed Expenses = ?
Net Operating Income (loss) = $86,080
Contribution Margin ratio (percent) = 43%
Required : Find Missing Amounts
I really want to get how to solve so please show steps :)
My work: I tried doing the contribution format income statement but to no avail because variable and fixed were missing and I know CM ratio = UCM/ USP but this didn't really help