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vivado [14]
3 years ago
9

Young Company budgets sales of $970,000, fixed costs of $30,600, and variable costs of $135,800. What is the contribution margin

ratio for Young Company
Business
1 answer:
jarptica [38.1K]3 years ago
3 0

Answer:

contribution margin ratio= 0.86

Explanation:

Giving the following information:

Young Company budgets sales of $970,000

Variable costs of $135,800.

<u>To calculate the contribution margin ratio, we need to use the following formula:</u>

contribution margin ratio= contribution margin / sales

contribution margin ratio= (970,000 - 135,800) / 970,000

contribution margin ratio= 0.86

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