Business
Business, 08.01.2021 17:40, munch1239

A cement manufacturer has supplied the following data: Tons of cement produced and sold 235,000
Sales revenue $939,000
Variable manufacturing expense $255,000
Fixed manufacturing expense $289,000
Variable selling and administrative expense $120,600
Fixed selling and administrative expense $85,000
Net operating income $189,400
The company's contribution margin ratio is closest to:
a) 42.1%
b) 69.2%
c) 60.0%
d) 20.2%

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Answers: 2

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