Sales amount to $564,000, variable costs are 53% of sales, and fixed cost is $120,000. What is the contribution margin ratio? Right Answer
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Sales amount to $564,000, variable costs are 53% of sales, and fixed cost is $120,000. What is the contribution margin ratio? Right Answer
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- A product has a sales price of $250 and a per-unit contribution margin of $75. What is the contribution margin ratio?If sales are $500,000, variable cost are $200,000, and fixed costs are $240,000, what is the contribution margin ratio?How do you solve for contribution margin? For general accounting question