G Company budgets sales of $2,250,000, fixed costs of $62,900, and variable costs of $280,600. What is the contribution margin ratio for G Company?

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter7: Variable Costing For Management analysis
Section: Chapter Questions
Problem 16E
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G Company budgets sales of
$2,250,000, fixed costs of
$62,900, and variable costs of
$280,600.
What is
the
contribution margin ratio for G
Company?
Transcribed Image Text:G Company budgets sales of $2,250,000, fixed costs of $62,900, and variable costs of $280,600. What is the contribution margin ratio for G Company?
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