Rawlings Company prepared the following budget information for the coming year: Product A Product B Product C Sales Variable exp. $85,714 $1,000,000 $177,777 25.714 800.000 97.777 Contrib. mar. $60.000 $200.000 $80.000 Fixed exp. Net income The budget assumes the sale of 20,000 units of A, 100,000 units of B, and 80,000 units of C. Fixed Expenses for the company are $255,000. What is the company's combined contribution margin ratio rounded to two decimal places. O 0.21 O 0.27 O 0.23 O 0.36

Rawlings Company prepared the following budget information for the coming year: Product A Product B Product C Sales Variable exp. $85,714 $1,000,000 $177,777 25.714 800.000 97.777 Contrib. mar. $60.000 $200.000 $80.000 Fixed exp. Net income The budget assumes the sale of 20,000 units of A, 100,000 units of B, and 80,000 units of C. Fixed Expenses for the company are $255,000. What is the company's combined contribution margin ratio rounded to two decimal places. O 0.21 O 0.27 O 0.23 O 0.36

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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