Question
Compute the contribution margin ratio based on the following data: Sales revenue $1,500,000 Variable manufacturing cost $675,000 Fixed manufacturing cost $200,000 Variable selling and administrative
Compute the contribution margin ratio based on the following data:
| Sales revenue | $1,500,000 |
| Variable manufacturing cost | $675,000 |
| Fixed manufacturing cost | $200,000 |
| Variable selling and administrative expense | $120,000 |
| Fixed selling and administrative expense | $135,000 |
| Net operating income | $370,000 |
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Inside Accounting The Sociology Of Financial Reporting And Auditing
Authors: David Leung
1st Edition
1138251178, 9781138251175
