Question
Flannigan Company manufactures and sells a single product that sells for $300 per unit; variable costs are $174. Annual fixed costs are $852,600. Current sales
Flannigan Company manufactures and sells a single product that sells for $300 per unit; variable costs are $174. Annual fixed costs are $852,600. Current sales volume is $4,230,000. Compute the contribution margin ratio.
Multiple Choice
- 42.0%.
- 72.4%.
- 21.6%.
- 50.0%.
- 20.4%.
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Accounting
Authors: Carl s. warren, James m. reeve, Philip e. fess
21st Edition
978-0324400205, 324225016, 324188005, 324400209, 9780324225013, 978-0324188004
