What is the contribution margin ratio for yountz company? Yountz Company budgets sales of$1,170,000, fixed costsof$31,600, and variable costs of$140,400. Whatisthecontribution margin ratio forYountz Company?

Step 1: Define Contribution MarginThe contribution margin ratio is a financial metric that provides…

Answered: Yountz Company budgets sales of…

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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Yountz Company budgets sales of $1,170,000, fixed costs of $31,600, and variable costs of $140,400. What is the contribution margin ratio for Yountz Company?