If sales are $820,000, variable costs are 55% of sales, and operating income is $260,000, what is the contribution margin ratio? A. 32% B. 45% C. 62% D. 55%
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- 10. If sales are $500,000, variable costs are 200,000, and fixed costs are 260,000, what is the contribution margin percentage? a. 52% b. 48% c. 40% d. 60%What is the contribution margin ratio? ? Financial accounting questionIf sales are $797,000, variable costs are 80% of sales, and operating income is $201,000, what is the contribution margin ratio? a. 20% b. 80% C. 76% d. 24%