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How to estimate the change in the company operating income

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Reference no: EM132568801

Computing and Using the Contribution Margin Ratio; Computing the Break-Even Point

In March, Mitchell Limited had sales of $250,000 (50,000 units), total variable expenses of $190,000, and total fixed expenses of $36,000.

Required:

Question 1. What is the company's CM ratio?

Question 2. Using the CM ratio, calculate the break-even level of sales in dollars.

Question 3. Estimate the change in the company's operating income if it increased its total sales by $20,000.

Reference no: EM132568801

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