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Sullivan Enterprises budgets sales of $900,000, fixed costs of $25,000, and variable costs of $180,000. What is the contribution margin ratio for Sullivan Enterprises?

Sullivan Enterprises budgets sales of $900,000, fixed costs of $25,000, and variable costs of $180,000. What is the contribution margin ratio for Sullivan Enterprises?

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter7: Variable Costing For Management analysis
Section: Chapter Questions
Problem 16E
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What is the contribution margin ratio for this financial accounting question?

Sullivan Enterprises budgets sales of $900,000, fixed costs of $25,000, and variable costs of $180,000. What is the contribution margin ratio for Sullivan Enterprises?
Transcribed Image Text:Sullivan Enterprises budgets sales of $900,000, fixed costs of $25,000, and variable costs of $180,000. What is the contribution margin ratio for Sullivan Enterprises?
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