$ 360,eee144,eee216,e0e180,eee$ 36,eeeSales (18,000 units)Variable expensesContribution marginFixed expensesOperating incomeRequired:Answer each question Independently based on the original data:1. What is the product's CM ratio?

Formula: Contribution margin ratio = ( Contribution margin / Sales revenue ) x 100

Sales (18,000 units) Variable expenses Contribution margin Fixed expenses $ 360,000 144,000 216,000 180, eee Operating income $ 36,000 Required: Answer each question Independently based on the original data: 1. What is the product's CM ratio?

Sales (18,000 units) Variable expenses Contribution margin Fixed expenses $ 360,000 144,000 216,000 180, eee Operating income $ 36,000 Required: Answer each question Independently based on the original data: 1. What is the product's CM ratio?

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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Question

$ 360,eee
144,eee
216,e0e
180,eee
$ 36,eee
Sales (18,000 units)
Variable expenses
Contribution margin
Fixed expenses
Operating income
Required:
Answer each question Independently based on the original data:
1. What is the product's CM ratio?

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