Question Content Area If sales are $808,000, variable costs are 74% of sales, and operating income is $266,000, the contribution margin ratio is a. 74% b. 30% c. 70% d. 26%

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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    If sales are $808,000, variable costs are 74% of sales, and operating income is $266,000, the contribution margin ratio is

    a. 74%
    b. 30%
    c. 70%
    d. 26%
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