Calculate the contribution margin ratio of a company with sales of $180,000 and operating income of...
Calculate the contribution margin ratio of a company with sales of $180,000 and operating income of $37,000. Variable costs of the company are 52% of sales.
Group of answer choices: 41% 48% 36% 24%
Homework Answers
Contribution margin is equal to=sales-variable cost
=100-52%
Which is equal to
=48%
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Calculate the contribution margin ratio of a company with sales of $180,000 and operating income of...
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Show All Your Works For Your Response: Calculate Contribution margin ratio, Contribution margin, Operating income GigaCo Manufacturing manufactures 256GB SD cards (memory cards for mobile phones, digital cameras, and other devices). Price and cost data for a relevant range extending to 200,000 units per month are as follows: A Data Table 20.00 7.40 5.00 Sales price per unit: (current monthly sales volume is 120,000 units) .... $ Variable costs per unit: Direct materials .................................... $ Direct labor Variable manufacturing overhead...
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