Question
Wesleys income statement is as follows: Sales (10,000 units) $150,000 Less variable costs - 48,000 Contribution margin $102,000 Less fixed costs - 24,000 Net income
Wesleys income statement is as follows:
| Sales (10,000 units) | $150,000 |
| Less variable costs | - 48,000 |
| Contribution margin | $102,000 |
| Less fixed costs | - 24,000 |
| Net income | $ 78,000 |
What is the contribution margin ratio?
| 167 percent | ||
| 68 percent | ||
| 40 percent | ||
| 60 percent |
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Payroll Accounting 2018
Authors: Jeanette Landin, Paulette Schirmer
4th edition
1260005127, 1259742514, 1260005165, 126000516X, 978-1259742514
