A market segment has sales of $70,000, variable cost of goods sold of $10,000, variable selling expenses of $11,000, and total fixed expenses of $13,000. What is the segment’s contribution margin ratio? a. 70% b. 51% c. 36% d. 86%

A market segment has sales of $70,000, variable cost of goods sold of $10,000, variable selling expenses of $11,000, and total fixed expenses of $13,000. What is the segment’s contribution margin ratio? a. 70% b. 51% c. 36% d. 86%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

a. 70%

b. 51%

c. 36%

d. 86%

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