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A manufacturer of tiling grout has supplied the following data: Kilograms produced and sold 470,000 Sales revenue $1,840,000 Variable manufacturing expense $943,000 Fixed manufacturing expense
A manufacturer of tiling grout has supplied the following data:
| Kilograms produced and sold | 470,000 |
| Sales revenue | $1,840,000 |
| Variable manufacturing expense | $943,000 |
| Fixed manufacturing expense | $232,000 |
| Variable selling and administrative expense | $355,000 |
| Fixed selling and administrative expense | $198,000 |
| Net operating income | $112,000 |
The company's contribution margin ratio is closest to:?
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Financial Accounting Version 3.1
Authors: Joe Ben Hoyle, C.J. Skender, Leah Kratz
1st Edition
1453339442, 9781453339442
