ries reported the followingn information for the current year: sales (54000 units) $1080000, direct materials and direct labor $540,000, other variable costs $54000, and fixed costs $360000. what is Waterways contribution margin ratio? a. 55%

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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waterway industries reported the followingn information for the current year: sales (54000 units) $1080000, direct materials and direct labor $540,000, other variable costs $54000, and fixed costs $360000. what is Waterways contribution margin ratio?

a. 55%

b. 67%

c. 33%

d. 45%

 

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