A cement manufacturer has supplied the following data: Tons of cement produced and sold 255,000...
80.2K
Verified Solution
Link Copied!
Question
Accounting
A cement manufacturer has supplied the following data: Tons of cement produced and sold 255,000 Sales revenue $959,000 Variable manufacturing expense $228,000 Fixed manufacturing expense $301,000 Variable selling and administrative expense $136,420 Fixed selling and administrative expense $89,000 Net operating income $204,580 The company's contribution margin ratio is closest to:
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
