Question
Wang Co. manufactures and sells a single product that sells for $600 per unit; variable costs are $318 per unit. Annual fixed costs are $991,700.
Wang Co. manufactures and sells a single product that sells for $600 per unit; variable costs are $318 per unit. Annual fixed costs are $991,700. Current sales volume is $4,310,000. Compute the contribution margin ratio.
Multiple Choice
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47.0%.
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88.7%.
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23.7%.
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50.0%.
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23.3%.
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Management Accounting Text Problems And Cases
Authors: M Y Khan, P K Jain
6th Edition
125902668X, 978-1259026683
