Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer ASAP. Thanks in advance! If sales are $802,000, variable costs are 65% of sales, and operating income is $219,000, what is the contribution

Please answer ASAP. Thanks in advance! image text in transcribed
If sales are $802,000, variable costs are 65% of sales, and operating income is $219,000, what is the contribution margin ratio? Oa. 6196 Ob. 65% . 3596 Od. 39%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Performance Auditing Measuring Inputs, Outputs, And Outcomes

Authors: Stephen L. Morgan, Ronell B. Raaum, Colleen G. Waring

3rd Edition

0894139762, 9780894139765

More Books

Students also viewed these Accounting questions