A cement manufacturer has supplied the following data: Tons of cement produced and sold 245,000 Sales revenue
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Question:
A cement manufacturer has supplied the following data:
Tons of cement produced and sold | 245,000 | |
Sales revenue | $ | 949,000 |
Variable manufacturing expense | $ | 226,000 |
Fixed manufacturing expense | $ | 295,000 |
Variable selling and administrative expense | $ | 153,600 |
Fixed selling and administrative expense | $ | 87,000 |
Net operating income | $ | 187,400 |
The company's contribution margin ratio is closest to:
a. 45.1%
b. 60.0%
c. 68.9%
d. 19.7%
Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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