Financial accounting problem Parker Company has provided the following data for the most recentyear: net operating income, $45,500; fixed expense, $92,000; sales,$193,000; and CM ratio, 70%. What is the company's total contributionmargin?a. $121,000b. $101,000c. $142,500d. $135,100

Explanation: In the given case, we are required to calculate the contribution margin from the data…

Answered: Parker Company has provided the…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 6EB: During the current year, Plainfield Manufacturing earned income of $845,000 from total sales of...

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Parker Company has provided the following data for the most recent year: net operating income, $45,500; fixed expense, $92,000; sales, $193,000; and CM ratio, 70%. What is the company's total contribution margin? a. $121,000 b. $101,000 c. $142,500 d. $135,100