A manufacturer of tiling grout has supplied the following data: Kilograms produced and sold 340,000
A manufacturer of tiling grout has supplied the following data:
Kilograms produced and sold 340,000 Sales revenue $1,910,000 Variable manufacturing expense $956,000 Fixed manufacturing expense $258,000 Variable selling and administrative expense $363,000 Fixed selling and administrative expense $224,000 Net operating income $109,000
The company’s contribution margin ratio is closest to: 49.9% 81.0% 30.9% 74.8%