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2 years ago

A manufacturer of tiling grout has supplied the following data:

Business

1 answer:

NNADVOKAT [17]2 years ago

6 0

Answer:

c. 31.4%

Explanation:

As we know that

Contribution margin ratio is

= Contribution margin ÷ Sales revenue × 100

where,

Contribution margin is

= Sales revenue - Variable manufacturing expense - Variable selling and administrative expense

= $1,920,000 - $957,000 - $360,000

= $603,000

And the sales revenue is $1,920,000

So, the ratio is

= $603,000 ÷ $1,920,000 × 100

= 31.40%

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