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PORTER COMPANY HAS PROVIDED THE FOLLOWING DATA FOR THE MOST RECENT YEAR: NET OPERATING INCOME, $52,800; FIXED EXPENSE, $108,500; SALES, $248,000; AND CM RATIO, 65%. WHAT WHAT IS THE COMPANY'S TOTAL CONTRIBUTION MARGIN? A. $121,000 B. $101,000 C. $161,200 D. $135,100

PORTER COMPANY HAS PROVIDED THE FOLLOWING DATA FOR THE MOST RECENT YEAR: NET OPERATING INCOME, $52,800; FIXED EXPENSE, $108,500; SALES, $248,000; AND CM RATIO, 65%. WHAT WHAT IS THE COMPANY'S TOTAL CONTRIBUTION MARGIN? A. $121,000 B. $101,000 C. $161,200 D. $135,100

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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What is company's total contribution margin?

PORTER COMPANY HAS PROVIDED THE FOLLOWING DATA FOR THE MOST RECENT YEAR: NET OPERATING INCOME, $52,800; FIXED EXPENSE, $108,500; SALES, $248,000; AND CM RATIO, 65%. WHAT WHAT IS THE COMPANY'S TOTAL CONTRIBUTION MARGIN? A. $121,000 B. $101,000 C. $161,200 D. $135,100
Transcribed Image Text:PORTER COMPANY HAS PROVIDED THE FOLLOWING DATA FOR THE MOST RECENT YEAR: NET OPERATING INCOME, $52,800; FIXED EXPENSE, $108,500; SALES, $248,000; AND CM RATIO, 65%. WHAT WHAT IS THE COMPANY'S TOTAL CONTRIBUTION MARGIN? A. $121,000 B. $101,000 C. $161,200 D. $135,100
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