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

Name: A tile manufacturer has supplied the following data: -The company's contribution margin ratio is closest to:
Brand: Quizplus
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Question

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

Quizplus · Accepted Answer

Contribution margin = Sales - Variable expenses
= $1,128,000 - ($456,000 + $156,000)= $1,128,000 - $612,000 = $516,000
CM ratio = Contribution margin F1F1F1S1F1F1F10 Sales
= $516,000 F1F1F1S1F1F1F10 $1,128,000 = 0.457

A Tile Manufacturer Has Supplied the Following Data