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If sales are $810,000, variable costs are 78% of sales, and operating income is $273,000, what is the contribution margin ratio? Oa. 22% Ob.
If sales are $810,000, variable costs are 78% of sales, and operating income is $273,000, what is the contribution margin ratio? Oa. 22% Ob. 78% Oc. 74% Od. 20%
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
