A manufacturer of tiling grout has supplied the following data: Kilograms produced and sold 380,000 Sales revenue
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Question:
A manufacturer of tiling grout has supplied the following data:
Kilograms produced and sold | 380,000 |
---|---|
Sales revenue | $ 1,870,000 |
Variable manufacturing expense | $ 952,000 |
Fixed manufacturing expense | $ 250,000 |
Variable selling and administrative expense | $ 331,000 |
Fixed selling and administrative expense | $ 216,000 |
Net operating income | $ 121,000 |
The company's contribution margin ratio is closest to:
Related Book For
Managerial Accounting
ISBN: 978-1259024900
9th canadian edition
Authors: Ray Garrison, Theresa Libby, Alan Webb
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