If the contribution margin ratio for ernie company is 62, Accounting Basics

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If the contribution margin ratio for ernie company is 62

Question: a. Bert Company budgets sales of $830,000, fixed costs of $48,600, and variable costs of $215,800. What is the contribution margin ratio for Bert Company? (Enter your answer as a whole number.)

b. If the contribution margin ratio for Ernie Company is 62%, sales were $878,000, and fixed costs were $391,940, what was the income from operations?

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Accounting Basics: If the contribution margin ratio for ernie company is 62

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