Sales amount to $774,000, variable costs are 59% of sales, and fixed cost is $120,000.What is the contribution margin ratio?
A) 37%
B) 44%
C) 39%
D) 41%

Name: Sales amount to $774,000, variable costs are 59% of sales, and fixed cost is $120,000.What is the contribution margin ratio? A) 37% B) 44% C) 39% D) 41%
Brand: Quizplus
Rating: 4.8 (33 reviews)

Question

Quizplus · Accepted Answer

The Answer of Sales amount to $774,000, variable costs are 59% of sales, and fixed cost is $120,000.What is the contribution margin ratio?
A) 37%
B) 44%
C) 39%
D) 41%

Sales Amount to $774,000, Variable Costs Are 59% of Sales