Question: Q3: The contribution margin ratio is equal to: a. (Sales - Variable expenses)/Sales b. 1 - (Gross Margin/Sales). c. 1 - (Contribution Margin/Sales). d. Total

Q3:

The contribution margin ratio is equal to:

a.

(Sales - Variable expenses)/Sales

b.

1 - (Gross Margin/Sales).

c.

1 - (Contribution Margin/Sales).

d.

Total manufacturing expenses/Sales.

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