Question: Question Content Area If sales are $812,000, variable costs are 76% of sales, and operating income is $234,000, what is the contribution margin ratio? a.

Question Content Area

If sales are $812,000, variable costs are 76% of sales, and operating income is $234,000, what is the contribution margin ratio?

a. 28%

b. 76%

c. 72%

d. 24%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

At December 31, 2025, Fell Corporation had a deferred tax liability of $340,000, resulting from future taxable amounts of $2,000,000 and an enacted tax rate of 17%. In May 2026, a new income tax act...

Q:

If sales are $796,000, variable costs are 76% of sales, and operating income is $219,000, what is the contribution margin ratio? 72% 76% 28% 24%

Q:

If sales art $795,000, variable costs are 76% of sales, and operating income is $268,000, what is the contribution margin ratio? a. 72% b. 76% c. 24% d. 28% Previous Next > All work saved Email...

Q:

1. EX.21.04.ALGO eBook Question Content Area Cost of Goods Manufactured, using Variable Costing and Absorption Costing On October 31, the end of the first year of operations, Yankovich Inc....

Q:

Show Me How Question Content Area Break - Even Sales Under Present and Proposed Conditions Darby Company, operating at full capacity, sold 1 1 4 , 8 0 0 units at a price of $ 1 1 4 per unit during...

Q:

Two Discussion Questions. A minimum of 200 words per question. Both questions are attached to the word document and each chapter to both questions are attached to the PDF. Any references/citations...

Q:

question p6-7A, Thanks! k ulate the planned total cost at 20,000 nits, o the reduced volun n were operating at normal capacity and accepted ito charge for the order to earn a net income before income...

Q:

Conrad Company has divided its business into segments based on sales territories: East Coast, Midland, and West Coast. Following is ConradConrad Company's income statement using the contribution...

Q:

Question Content Area If sales are $802,000, variable costs are 72% of sales, and operating income is $269,000, what is the contribution margin ratio? a. 32% b. 28% c. 72% d. 68%

Q:

budgets of four companies yield the following information: LOADING... (Click the icon to view the budget information for the four companies.) Requirements 1. Fill in the blanks for each company. 2....

Q:

Question Content Area If sales are $824,000, variable costs are 76% of sales, and income from operations is $249,000, what is the contribution margin ratio? a.28% b.24% c.72% d.76%

Q:

If a company invested $1,000,000 in a stock and it went up $200,000, and then sold 50% at the end of the first year, then in year 2 the company loss $300,00 and sold the other 50% of the company....

Q:

In general, the capital allocation line is upward sloping but often we only show the results of talking long positions in the risky asset. Graphically depict what happens when short positions are...

Q:

Uperating income was positive for all months in the fiscal year. The company's sales follow a predictable trend, with sales always being higher in warmer months during the year. 4 . Which of the...

Q:

A gas turbine burns methane with 200% theoretical air. The air and fuel come in through two separate compressors bringing them from 100 kPa, 298 K, to 1400 kPa and enter a mixing chamber and a...

Q:

Repeat the previous problem for the gas carbon monoxide. Data from previous problem An ideal gas having constant specific heat undergoes a reversible polytropic expansion with exponent n = 1.4. If...

Q:

Verify that the given differential operator annihilates the indicated functions. (D 2)(D 5); y = e 2x + 3e -5x

Q:

A rocket sled exerts 3.00 10 4 N of thrust and has a mass of 2.00 10 3 kg. In how much time does it do zero to sixty? How many gs (see Exercise 14) does it achieve? Assume that on the surface of...

Q:

Why could it be a good thing for a country to run a current account deficit?

Q:

Examples of professionalisation impact by Kengera and Mromba ( 2 0 2 3 )

Q:

develop ideas for a research project;

Q:

compare different approaches to HR research and the opportunities presented by an investigation of a business issue;

Q:

reflect upon the key relationships that will support and enhance your project;