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Chapter 5: Cost-Volume-Profit Relationships 5. Kelchner Corporation has provided the following contribution format income statement. Assume th following information is within the relevant range. Sales

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Chapter 5: Cost-Volume-Profit Relationships 5. Kelchner Corporation has provided the following contribution format income statement. Assume th following information is within the relevant range. Sales (3,000 units)... s Contribution margin... s .$180,000 108,000 72,000 62,400 9,600 Fixed expenses The contribution margin ratio is closest to: 67% b. 40% c.33% d. 60% a

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