Box of tiles produced and sold 520,000 Box of tiles produced and sold 520,000 Sa

Question

Box of tiles produced and sold 520,000 Box of tiles produced and sold 520,000 Sales revenue $2,132,000 Variable manufacturing expense $650,000 Fixed manufacturing expense $464,000 Variable selling and administrative expense $260,000 Fixed selling and administrative expense $312,000 Net operating income $446,000
The company’s contribution margin is closest to: A tile manufacturer has supplied the following data: 520,000 $2,132,66 $ 65e,e00 $ 464,00e $ 260,0ee $ 312,00e 446,00e Boxes of tiles produced and sold Sales revenue 02:0040Variable manufacturing expense Fixed manufacturing expense Variable selling and administrative expense Fixed selling and administrative expense Net operating income The company's contribution margin ratio is closest to: Multiple Choice 427%

Explanation / Answer

Company 's contribution margin :

Sales 2132000 Less: Variable maunufacturing expense (650000) Less: variable selling and administrative expense (260000) Contribution margin 1222000 Contribution margin ratio (1222000*100/2132000) 57.3%

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