Managerial Accounting
Managerial Accounting
15th Edition
ISBN: 9781337912020
Author: Carl Warren, Ph.d. Cma William B. Tayler
Publisher: South-Western College Pub
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Find out the margin ratio

Sales amount to $564,000, variable costs are
53% of sales, and fixed cost is $120,000. What
is the contribution margin ratio?
A. 41%
B. 44%
C. 39%
D. 37%
E. 47%
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Transcribed Image Text:Sales amount to $564,000, variable costs are 53% of sales, and fixed cost is $120,000. What is the contribution margin ratio? A. 41% B. 44% C. 39% D. 37% E. 47%
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    Managerial Accounting
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    ISBN:9781337912020
    Author:Carl Warren, Ph.d. Cma William B. Tayler
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Text book image
Managerial Accounting
Accounting
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:South-Western College Pub