Top Posters
Since Sunday
A
6
j
6
c
5
m
5
C
5
d
5
s
5
n
4
i
4
d
4
d
4
J
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
alphalions alphalions
wrote...
Go to Answer
Posts: 128
Rep: 0 0
A year ago

Kelsay Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range.

Sales (9,000 units)$ 540,000
Variable expenses405,000
Contribution margin135,000
Fixed expenses130,500
Net operating income$ 4,500

The contribution margin ratio is closest to:



▸ 75%

▸ 67%

▸ 25%

▸ 33%
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
Read 59 times
1 Reply
Replies
Answer verified by a subject expert
wardasidwardasid
wrote...
#1
Posts: 145
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

alphalions Author
wrote...

A year ago
Thank you, thank you, thank you!
sleinhi
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Helpmeplease11
wrote...

2 hours ago
this is exactly what I needed
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  930 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 330
  
 160
  
 248