Question
if sales are $425,000, variable costs are 62% of sales, and operating income is $50,000, what is the contribution margin ratio? a 38% b 26.8%
if sales are $425,000, variable costs are 62% of sales, and operating income is $50,000, what is the contribution margin ratio? a 38% b 26.8% c 11.8% d 62%
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
15th edition
1259404781, 007802563X, 978-1259404788, 9780078025631, 978-0077522940
