Question
The following is the income statement for Tixx Ltd for 2022 is shown below: Sales $60 000 Variable cost $50 000 Contribution margin $10 000
The following is the income statement for Tixx Ltd for 2022 is shown below:
Sales $60 000 Variable cost
$50 000 Contribution margin
$10 000 Fixed costs $8 000
Net Income $ 2000
What is the contribution margin ratio?
Step by Step Solution
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Step: 1
To calculate the contribution margin ratio we need to divide the contribution margin by ...
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Managerial Accounting An Integrative Approach
Authors: C J Mcnair Connoly, Kenneth Merchant
2nd Edition
099950049X, 978-0999500491
