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Orbit Corporation has budgeted annual sales of $2,400,000, fixed costs of $360,000, and variable costs of $1,320,000. What is the contribution margin ratio for Orbit Corporation?

Orbit Corporation has budgeted annual sales of $2,400,000, fixed costs of $360,000, and variable costs of $1,320,000. What is the contribution margin ratio for Orbit Corporation?

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
Chapter7: Variable Costing For Management analysis
Section: Chapter Questions
Problem 16E
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Orbit Corporation has budgeted annual sales of $2,400,000, fixed costs of $360,000, and variable costs of $1,320,000. What is the contribution margin ratio for Orbit Corporation?
Transcribed Image Text:Orbit Corporation has budgeted annual sales of $2,400,000, fixed costs of $360,000, and variable costs of $1,320,000. What is the contribution margin ratio for Orbit Corporation?
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