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Shanita Pte Ltd. sells deodorants in Tunisia. They have supplied the following data: Units sold: 3,412 Sales revenue: $5,545,907 Variable manufacturing expense: $2,142,205 Fixed manufacturing expense: $1,007,771 Variable selling and administrative expense: $470,035 Fixed selling and administrative expense: $375,728 Net operating income: $1,550,168   Shanita's contribution margin ratio is closest to: Select one: A. 43.2% B. 28.0% C. 52.9% D. 84.7% E. 75.1%

Shanita Pte Ltd. sells deodorants in Tunisia. They have supplied the following data: Units sold: 3,412 Sales revenue: $5,545,907 Variable manufacturing expense: $2,142,205 Fixed manufacturing expense: $1,007,771 Variable selling and administrative expense: $470,035 Fixed selling and administrative expense: $375,728 Net operating income: $1,550,168   Shanita's contribution margin ratio is closest to: Select one: A. 43.2% B. 28.0% C. 52.9% D. 84.7% E. 75.1%

FINANCIAL ACCOUNTING
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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Shanita Pte Ltd. sells deodorants in Tunisia. They have supplied the following data:

  • Units sold: 3,412
  • Sales revenue: $5,545,907
  • Variable manufacturing expense: $2,142,205
  • Fixed manufacturing expense: $1,007,771
  • Variable selling and administrative expense: $470,035
  • Fixed selling and administrative expense: $375,728
  • Net operating income: $1,550,168

 

Shanita's contribution margin ratio is closest to:

Select one:
A.
43.2%
B.
28.0%
C.
52.9%
D.
84.7%
E.
75.1%
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