Figure 4-1. Foster Company makes power tools.The budgeted sales are $420,000,budgeted variable costs are $147,000,and budgeted fixed costs are $227,500.
Refer to Figure 4-1.What is the contribution margin ratio?
A) 35%
B) 65%
C) 54%
D) 89%
E) 50%
Correct Answer:
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