A sugar manufacturer has supplied the following data: Tons of sugar produced and sold 260,000 Sales revenue $ 964,000 Variable manufacturing expense $ 229,000 Fixed manufacturing expense $ 304,000 Variable selling and administrative expense $ 108,400 Fixed selling and administrative expense $ 90,000 Net operating income $ 232,600 The company's contribution margin ratio is closest to:
A sugar manufacturer has supplied the following data: Tons of sugar produced and sold 260,000 Sales revenue $ 964,000 Variable manufacturing expense $ 229,000 Fixed manufacturing expense $ 304,000 Variable selling and administrative expense $ 108,400 Fixed selling and administrative expense $ 90,000 Net operating income $ 232,600 The company's contribution margin ratio is closest to:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A sugar manufacturer has supplied the following data:
| Tons of sugar produced and sold | 260,000 |
|---|---|
| Sales revenue | $ 964,000 |
| Variable manufacturing expense | $ 229,000 |
| Fixed manufacturing expense | $ 304,000 |
| Variable selling and administrative expense | $ 108,400 |
| Fixed selling and administrative expense | $ 90,000 |
| Net operating income | $ 232,600 |
The company's contribution margin ratio is closest to:
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