Question
A cement manufacturer has supplied the following data: Tons of cement produced and sold 310,000 Sales revenue $1,014,000 Variable manufacturing expense $239,000 Fixed manufacturing expense
A cement manufacturer has supplied the following data:
Tons of cement produced and sold 310,000 Sales revenue $1,014,000 Variable manufacturing expense $239,000 Fixed manufacturing expense $334,000 Variable selling and administrative expense $186,880 Fixed selling and administrative expense $100,000 Net operating income $154,120
The company's contribution margin ratio is closest to:
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Core Concepts Of Accounting Information Systems
Authors: Mark G. Simkin, Carolyn A. Strand Norman, Scott Paquette
1st Canadian Edition
1118738101, 978-1118738108
