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16 October, 11:24

Bryce co. sales are $914,000, variable costs are $498,130, and operating income is $196,000. what is the contribution margin ratio?

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  1. 16 October, 11:38
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    Sales: $914,000

    Variable Costs: $498,130

    Operating Income: $196,000

    Contribution Margin Ratio = ?

    Formula:

    Contribution Margin Ratio = (Sales - Variable Costs) / Sales

    Solution:

    Contribution Margin Ratio = ($914,000 - $498,130) / $914,000

    Contribution Margin Ratio = 45.5% (Answer)
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