1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Arturiano [62]
3 years ago
13

A cement manufacturer has supplied the following data: Tons of cement produced and sold 275,000 Sales revenue$979,000 Variable m

anufacturing expense$232,000 Fixed manufacturing expense$313,000 Variable selling and administrative expense$110,650 Fixed selling and administrative expense$93,000 Net operating income$230,350 The company's contribution margin ratio is closest to: Multiple Choice 44.3% 65.0% 68.0% 23.5%
Business
1 answer:
tresset_1 [31]3 years ago
3 0

Answer:

65%

Explanation:

Given that

Sales = $979,000

Variable manufacturing expense = $232,000

Variable selling and administrative expense = $110,650

The computation of contribution margin ratio is shown below:-

Contribution margin ratio = (Sales - Variable manufacturing expense - Variable selling and administrative expense) × 100 ÷ Sales

= ($979,000 - $232,000 - $110,650) × 100 ÷ $979,000

= ($979,000 - $342,650) × 100 ÷ $979,000

= $636,350 × 100 ÷ $979,000

= 65%

You might be interested in
Advances in technology are constantly changing how people work and conduct business. true or false
Evgen [1.6K]
TRUE. Advances in technology are constantly changing how people work and conduct business.

With the advancement of technology, people are adjusting to maximize the benefits they get from said advances. 

For example, before the creation of cellular phones, the means of communication were through mailed letters and telegraphs, then it evolved to land lines, beepers, cellular phones, and finally, the internet (skype, ym, im,etc.)
8 0
3 years ago
Read 2 more answers
Cullumber Products plans to produce 10200 units in January. Each unit requires 6 pounds of plastic, which costs $5 per pound. Wh
yKpoI14uk [10]

Answer:

Standard direct material cost= $306,000

Explanation:

Giving the following information:

Cullumber Products plans to produce 10,200 units in January. Each unit requires 6 pounds of plastic, which costs $5 per pound.

<u>First, we need to calculate the standard pounds needed:</u>

Standard pounds of plastic= 10,200*6= 61,200 pounds

<u>Now, the standard cost:</u>

Standard direct material cost= 61,200*5

Standard direct material cost= $306,000

3 0
3 years ago
Globalization is the process of
Gwar [14]

Answer:

Connecting the world over time

Explanation:

Is the process of interaction of businesses and exchanges worldwide.

7 0
3 years ago
When effective communication affected your success at work
artcher [175]

Answer:

Being able to communicate at school and in the workplace may mean the difference between success and failure. With your peers, communication helps you to engage and find common ground, allowing you to build friendships that not only last a lifetime, but may lead to future employment opportunities.

Explanation:

8 0
3 years ago
Which of the following is not a business entity
notka56 [123]
Um what’s the answer choices?
4 0
3 years ago
Other questions:
  • iSooky has a spotter truck with a book value of $40,000 and a remaining useful life of five years. At the end of the five years
    5·1 answer
  • Epic machinery only applies to epics from the Western traditions that consciously imitate Homer.
    8·1 answer
  • 1. Use the given th term rules to find given<br>sequence 3n+ 1 (5th and 7th term)​
    6·1 answer
  • Luebke Inc. has provided the following data for the month of November. The balance in the Finished Goods inventory account at th
    6·1 answer
  • Jeep recognizes that it has some customers who like roomy suvs, while others like more compact versions. it also has customers w
    8·1 answer
  • What is an example of a long term liability?
    6·2 answers
  • The policy makers of Country LT have noticed a steady increase in grain prices over the last several years. The increase in pric
    8·2 answers
  • For each of the following businesses. what is the likely fixed factor of production that defines the short run?a. Golf courseb. M
    5·1 answer
  • A manufacturer produces hacksaw blades. recently, the manufacturer has decided to enhance its product line and offer band blades
    10·1 answer
  • Which sector dominates developed economies such as the United States? In developed economies such as the United States, the sect
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!