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Cornerstones of Managerial Accounting Study Set 1
Quiz 4: Costvolumeprofit Analysis: a Managerial Planning Tool
Refer to the Figure.what Is the Contribution Ratio
Question 6
Multiple Choice
Refer to the Figure.What is the contribution ratio? A) 35% B) 50% C) 58% D) 65%
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Q 7
Refer to the Figure.What is the budgeted operating income? A) $92,500 B) $320,000 C) $322,500 D) $457,500
Q 8
Refer to the Figure.What is the variable cost ratio? A) 19% B) 42% C) 50% D) 54%
Q 9
Refer to the Figure.What is the break-even point in sales dollars? A) $392,241 B) $420,000 C) $761,905 D) $948,275
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