A cement manufacturer has supplied the following data: Tons of cement produced and sold 680,000Sales revenue$2,788,000Variable manufacturing expense$1,156,000Fixed manufacturing expense$760,000Variable selling and administrative expense$272,000Fixed selling and administrative expense$294,000Net operating income$306,000The company's contribution margin ratio is closest to:
A. 48.8%
B. 39.0%
C. 11.0%
D. 51.2%
Answer: A
You might also like to view...
In your introduction, you show your audience some tangible gain that will result from them hearing your speech
Indicate whether this statement is true or false.
The selling concept is typically practiced ________
A) to balance consumers' wants, company's requirements, and the society's long-run interests B) with products that offer the most in terms of quality, performance, and innovative features C) when the company focuses on building long-term customer relationships D) with goods that buyers normally do not think of buying E) by customer-driven companies
The time span for which the master schedule extends is called the:
A) planning horizon. B) forecast period. C) time fence. D) time bucket. E) none of the above
A construction company was offered a 3 percent reduction in price off all invoices from a lumber yard for paying them within 10 days of issue. The lumber yard was offering a
A. trade discount. B. promotional allowance. C. rebate. D. flexible price. E. cash discount.