Question
Wang Co. manufactures and sells a single product that sells for $600 per unit; variable costs are $342 per unit. Annual fixed costs are $924,500.
Wang Co. manufactures and sells a single product that sells for $600 per unit; variable costs are $342 per unit. Annual fixed costs are $924,500. Current sales volume is $4,350,000. Compute the contribution margin ratio.
Multiple Choice
- 43.0%.
- 75.4%.
- 21.5%.
- 50.0%.
- 21.5%
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John E Freunds Mathematical Statistics With Applications
Authors: Irwin Miller, Marylees Miller
8th Edition
978-0321807090, 032180709X, 978-0134995373
