Question
Boswell company reported the following information for the current year: Sales (40,000 units) $800,000, direct materials and direct labor $600,000, other variable costs $80,000, and
Boswell company reported the following information for the current year: Sales (40,000 units) $800,000, direct materials and direct labor $600,000, other variable costs $80,000, and fixed costs $360,000. What is Boswells contribution margin ratio?
| a. | 55%. | |
| b. | 15%. | |
| c. | 25%. | |
| d. | 45%. |
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Advanced Financial Accounting
Authors: Richard Lewis, David Pendrill
6th Edition
0273638335, 978-0273638339
