Not use ai solution please and accounting question The controller of Westfield Company prepared the following projectedincome statement: Sales $450,000 Total variable cost - $270,000Contribution margin - $180,000 Total fixed cost - $120,000 Operating Income- $60,000Calculate the variable cost ratio.

Step 1: Definition of Variable Cost RatioThe variable cost ratio is a financial metric that shows…

Answered: The controller of Westfield Company…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter11: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 11.16E

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The controller of Westfield Company prepared the following projected income statement: Sales $450,000 Total variable cost - $270,000 Contribution margin - $180,000 Total fixed cost - $120,000 Operating Income - $60,000 Calculate the variable cost ratio.