Answered: ryce Co. sales are $895,000, variable…

ryce Co. sales are $895,000, variable costs are $469,200, and operating income is $236,000. The contribution margin ratio is a.47.6% b.52.4% c.57.6% d.43.3%

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 2BE: Contribution margin Waite Company sells 250,000 units at 120 per unit. Variable costs are 78 per...

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Question

100%

Bryce Co. sales are $895,000, variable costs are $469,200, and operating income is $236,000.

The contribution margin ratio is

a.47.6%

b.52.4%

c.57.6%

d.43.3%

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