The company”s contribution margin ratio is closest to


Question Description:

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The company”s contribution margin ratio is closest to 1 answer below ยป A manufacturer of cedar shingles has supplied the following data: Bundles of cedar shakes produced and sold 280,000 Sales revenue $2,072,000 Variable manufacturing expense $1,134,000 Fixed manufacturing expense $436,000 Variable selling and administrative expense $238,000 Fixed selling and administrative expense $164,000 Net operating income $100,000 The company”s contribution margin ratio is closest to: A) 66.2% B) 73.0% C) 27.0% D) 33.8% Jul 08 2014 12:37 PM

Answer

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