Given Below Are the Two Independent Situations:
(A) If $\$ 800,000$

Essay

Given below are the two independent situations:
(a) If Herry Company's budgeted sales are $\$ 800,000$ , fixed costs are $\$ 350,000$ , and variable costs are $\$ 600,000$ , what is the budgeted contitibution 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?