Contribution Margin Ratio
Not what you're looking for?
A tile manufacturer has supplied the following data:
Boxes of tiles produced and sold 580,000
Sales revenue 2,842,000
Variable manufacturing expense 1,653,000
Fixed manufacturing expense 784,000
Variable selling and administrative expense 145,000
Fixed selling and administrative expense 128,000
Net operating income 132,000
Reference: 6-2
The company's contribution margin ratio is closest to:
29.4%
63.3%
4.7%
36.7%
Purchase this Solution
Solution Summary
The solution explains how to calculate the contribution margin ratio.
Purchase this Solution
Free BrainMass Quizzes
Business Ethics Awareness Strategy
This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.
Learning Lean
This quiz will help you understand the basic concepts of Lean.
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media