If sales are $820,000, variable costs are 55% of sales, and operating income is $260,000, what is the contribution margin ratio?
If sales are $820,000, variable costs are 55% of sales, and operating income is $260,000, what is the contribution margin ratio?
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 3EA: A product has a sales price of $150 and a per-unit contribution margin of $50. What is the...
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If sales are $820,000, variable costs are 55% of sales, and operating income is $260,000, what is the contribution margin ratio?
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