Question
(LO 5) Flannigan Company manufactures and sells a single product that sells for $540 per unit; variable costs are $324. Annual fixed costs are $836,000.
(LO 5) Flannigan Company manufactures and sells a single product that sells for $540 per unit; variable costs are $324. Annual fixed costs are $836,000. Current sales volume is $4,290,000. Compute the contribution margin ratio.
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40.0%.
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66.7%.
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20.2%.
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50.0%.
-
19.8%.
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Accounting Information Systems
Authors: James A. Hall
5th Edition
0324312954, 9780324312959
