The following is the income statement for Tixx Ltd for 2022 is shown below: Sales $60 000
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Question:
The following is the income statement for Tixx Ltd for 2022 is shown below:
Sales $60 000 Variable cost
$50 000 Contribution margin
$10 000 Fixed costs $8 000
Net Income $ 2000
What is the contribution margin ratio?
Related Book For
Managerial Accounting An Integrative Approach
ISBN: 9780999500491
2nd Edition
Authors: C J Mcnair Connoly, Kenneth Merchant
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