FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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A manufacturer of cedar shingles has supplied the following data:
Bundles of cedar shakes produced and sold
Sales revenue
Variable 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:
360,000
$ 2,412,000
$ 1,170,000
$714,000
$ 414,000
$ 82,000
$ 32,000
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Transcribed Image Text:A manufacturer of cedar shingles has supplied the following data: Bundles of cedar shakes produced and sold Sales revenue Variable 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: 360,000 $ 2,412,000 $ 1,170,000 $714,000 $ 414,000 $ 82,000 $ 32,000
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