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Other Fields Homework Help Accounting Topic started by: drew911811 on Apr 16, 2023


Title: A cement manufacturer has supplied the following data:Tons of cement produced and sold295,000Sales ...
Post by: drew911811 on Apr 16, 2023

A cement manufacturer has supplied the following data:

Tons of cement produced and sold295,000
Sales revenue$ 999,000
Variable manufacturing expense$ 236,000
Fixed manufacturing expense$ 325,000
Variable selling and administrative expense$ 153,610
Fixed selling and administrative expense$ 97,000
Net operating income$ 187,390

The company's contribution margin ratio is closest to:



▸ 43.8%

▸ 61.0%

▸ 67.5%

▸ 18.8%

Title: Re: A cement manufacturer has supplied the following data:Tons of cement produced and sold295,000Sales ...
Post by: studyinnurse on Apr 16, 2023
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