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If sales are $820,000, variable costs are 55% of sales, and operating income is $260,000, what is the contribution margin ratio? correct answer 45% you answered

Respuesta :

Aliwohaish12
Contribution Margin Ratio = Contribution Margin / Sales

Contribution Margin = Sales -Variable Cost

CM=820,000−820,000×0.55
CM=369,000

Contribution Margin Ratio
369,000÷820,000=0.45

0.45×100
=45%