Sales amount to $564,000, variable costs are 53% of sales, and fixed cost is $120,000. What is the contribution margin ratio? A. 41% B. 44% C. 39% D. 37% E. 47%
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- If sales are $796,000, variable costs are 76% of sales, and income from operations is $230,000, what is the contribution margin ratio? Oa. 76% b. 72% Ос. 28% С. Od. 24%If sales are $796,000, variable costs are 76% of sales, and income from operations is $230,000, what is the contribution margin ratio? Oa. 76% Оb. 72% Ос. 28% Od. 24%If sales are $30,000, fixed costs are $10,000, and variable costs are $7,000 what is the contribution margin ratio? O 0.594 O 0.767 O 0.612 0.659