(Answered) Contribution margin ratio

For a recent year, Wicker Company had the following sales and expenses;Sales $14,700;Food and packaging $4,133;Payroll 3,700;Occupancy (rent, depreciation, etc.) 4,327;General, selling, and administrative expenses 2,100;$14,260;Income from operations $440;Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses.;a. What is Wicker Company's contribution margin?;$;b. What is Wicker Company's contribution margin ratio?;%;c. How much would income from operations increase if same-store sales increased by $900 for the coming year, with no change in the contribution margin ratio or fixed costs?;$
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Contribution margin ratio

 


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