Business, 27.07.2021 18:40, lebronjames1604

A manufacturer of cedar shingles has supplied the following data: Bundles of cedar shakes produced and sold 280,000
Sales revenue $2,072,000
Variable manufacturing expense $1,134,000
Fixed manufacturing expense $436,000
Variable selling and administrative expense $238,000
Fixed selling and administrative expense $164,000
Net operating income $100,000
The company;s contribution margin ratio is closest to:.
a. 41%.
b. 59%.
c. 33%.
d. 67%.

Answers: 3

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A manufacturer of cedar shingles has supplied the following data: Bundles of cedar shakes produced...