Acc505 Managerial Accounting: For a recent year, Wicker Company-owned restaurants

Acc505 Managerial Accounting
For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions):
Sales 38,800
Food and packaging 16,284
Payroll 9,800
Occupancy (rent, depreciation, etc.) 5,956
General, selling, and administrative expenses 5,600 37,640
Income from operations 1,160
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? Round to the nearest million. (Give answer in millions of dollars.)
b. What is Wicker Company's contribution margin ratio? Round to one decimal place.
c. How much would income from operations increase if same-store sales increased by $2,300 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the closest million.
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