If sales are $420,000, variable costs are 60% of sales, and operating income is $68,000, what is

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If sales are $420,000, variable costs are 60% of sales, and operating income is $68,000, what is the contribution margin ratio?

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Cost management a strategic approach

ISBN: 978-0073526942

5th edition

Authors: Edward J. Blocher, David E. Stout, Gary Cokins

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Posted Date: Jul 16, 2021 03:02 AM

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If sales are $420,000, variable costs are 60% of sales, and operating income is $68,000, what is

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ANSWER The profit margin ratio directly measures how much of income is made of net income In othe... View the full answer

Cost management a strategic approach

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