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Brookfield Supplies Ltd. reports sales amounting to $920,000, with variable costs equal to 63% of sales, and fixed costs of $140,000. What is the contribution margin ratio? a) 37% b) 40% c) 36% d) 34%

Brookfield Supplies Ltd. reports sales amounting to $920,000, with variable costs equal to 63% of sales, and fixed costs of $140,000. What is the contribution margin ratio? a) 37% b) 40% c) 36% d) 34%

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter8: Tactical Decision-making And Relevant Analysis
Section: Chapter Questions
Problem 11MCQ: Garrett Company provided the following information: Common fixed cost totaled 46,000. Garrett...
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Brookfield Supplies Ltd. reports sales amounting to $920,000, with variable costs equal to 63% of sales, and fixed costs of $140,000. What is the contribution margin ratio? a) 37% b) 40% c) 36% d) 34%
Transcribed Image Text:Brookfield Supplies Ltd. reports sales amounting to $920,000, with variable costs equal to 63% of sales, and fixed costs of $140,000. What is the contribution margin ratio? a) 37% b) 40% c) 36% d) 34%
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