Question
Sarah Smith, a sole proprietor, has the following projected figures for next year: Variable cost per unit $148.00 Contribution margin per unit $ 52.00 Total
Sarah Smith, a sole proprietor, has the following projected figures for next year:
Variable cost per unit $148.00
Contribution margin per unit $ 52.00
Total fixed costs $ 550,000
What is the contribution margin ratio?
74.00%
26.00%
35.14%
52.00%
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Accounting Information For Decisions
Authors: Robert Ingram, Thomas L. Albright, Bruce A. Baldwin, John Hill
1st Edition
0538815388, 978-0538815383
