Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
Deprecated Deprecated
wrote...
Go to Answer
Posts: 2784
Rep: 104 0
7 years ago
Marion Company provides cleaning services to commercial and residential customers.  The commercial business segment provided services to 280 customers and the residential business segment provided services to 595 customers.

      Commercial       Residential               Total
Service Revenue    $92,000            $121,000           $213,000
Variable Costs   31,000                 49,000              80,000
Fixed Costs   45,000                50,000              95,000
Operating Income    $16,000              $22,000             $38,000

What is the contribution margin ratio for Marion Company?  (Round you answer to two decimal places.)
A) 0.55%
B) 0.62%
C) 0.18%
D) 0.82%
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
Read 951 times
2 Replies
Replies
Answer verified by a subject expert
.unplugged..unplugged.
wrote...
#1
Top Poster
Posts: 1272
Rep: 267 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
mattyslice,  fratty,  jpinto22

Related Topics

Deprecated Author
wrote...
#2
7 years ago
Makes perfect sense, thx
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1279 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 4429
  
 269
  
 136
Your Opinion
Who will win the 2024 president election?
Votes: 3
Closes: November 4
Previous poll results: Who's your favorite biologist?