Business, 20.09.2020 18:01, austinwst3

A manufacturer of tiling grout has supplied the following data: Kilograms produced and sold 340,000
Sales revenue $1,910,000
Variable manufacturing expense $956,000
Fixed manufacturing expense $258,000
Variable selling and administrative expense $363,000
Fixed selling and administrative expense $224,000
Net operating income $109,000
The company's contribution margin ratio is closest to:.
(A) 49.9%
(B) 81.0%
(C) 30.9%
(D) 74.8%

Answers: 1

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A manufacturer of tiling grout has supplied the following data: Kilograms produced and sold 340,000...