Given Below Are the Two Independent Situations

question 29

Essay

Given below are the two independent situations:

(a) If Henry Company's budgeted sales are $800,000, 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% for Gray Company, sales are $900,000, and fixed costs are $180,000, what is the operating profit?

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Definitions:

Migrated

The process by which individuals or groups move from one location to another, often for reasons such as seeking better living conditions or employment opportunities.

Eastern Part

The section or area located towards the east of a specific point, region, or country.

Economic Health

The state of a nation or region's economy, measured by factors such as gross domestic product, unemployment rates, and inflation.

Urban Areas

Concentrated regions that are highly developed and predominantly inhabited by human populations where housing, infrastructure, and various services are established.