Stauffer Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. The variable expense ratio is closest to:
A) 60%
B) 40%
C) 67%
D) 33%

Question

Stauffer Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range.  The variable expense ratio is closest to:
A) 60% 
B) 40% 
C) 67% 
D) 33%

Quizplus · Accepted Answer

The Answer of Stauffer Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range.  The variable expense ratio is closest to:
A) 60% 
B) 40% 
C) 67% 
D) 33%

Stauffer Corporation Has Provided the Following Contribution Format Income Statement