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Nelson Enterprises budgets sales of $1,350,000, fixed costs of $42,800, and variable costs of $165,600. What is the contribution margin ratio for Nelson Enterprises?

Nelson Enterprises budgets sales of $1,350,000, fixed costs of $42,800, and variable costs of $165,600. What is the contribution margin ratio for Nelson Enterprises?

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter6: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 9E: Contribution margin ratio Young Company budgets sales of 112,900,000, fixed costs of 25,000,000, and...
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What is the contribution margin ratio for nelson enterprise?

Nelson Enterprises budgets sales of $1,350,000, fixed costs of $42,800, and variable costs of $165,600. What is the contribution margin ratio for Nelson Enterprises?
Transcribed Image Text:Nelson Enterprises budgets sales of $1,350,000, fixed costs of $42,800, and variable costs of $165,600. What is the contribution margin ratio for Nelson Enterprises?
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