A cement manufacturer has supplied the following data:
-The company's contribution margin ratio is closest to:

Name: A cement manufacturer has supplied the following data: -The company's contribution margin ratio is closest to:
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

A cement manufacturer has supplied the following data: 
-The company's contribution margin ratio is closest to:

Quizplus · Accepted Answer

CM
Contribution margin = Sales - Variable expenses
= $1,118,000 - ($429,000 + $91,000)= $1,118,000 - $520,000 = $598,000
CM ratio = Contribution margin F1F1F1S1F1F1F10 Sales
= $598,000 F1F1F1S1F1F1F10 $1,118,000 = 0.535

A Cement Manufacturer Has Supplied the Following Data