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?
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John E Freunds Mathematical Statistics With Applications
Authors: Irwin Miller, Marylees Miller
8th Edition
978-0321807090, 032180709X, 978-0134995373
