What is the budgeted contribution margin ratio

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Reference no: EM13823266

a. If Swannanoa Company's budgeted sales are $1,000,000, fixed costs are $350,000, and variable costs are $600,000, what is the budgeted contribution margin ratio?

b. If the contribution margin ratio is 30%, sales are $900,000 and fixed costs are $200,000, what is the operating profit?

Reference no: EM13823266

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