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Lee industry sales are $525,000, variable costs are 53% of sales, and operating income is $19,000. what is the contribution margin ratio?
a. 9.5%
b. 26.5%
c. 53%
d. 47%

Respuesta :

Aliwohaish12
Contribution margin ratio=
Contribution margin÷sales

Contribution margin=sales-variable costs
Contribution margin= 525,000−(525,000×0.53)
=246,750

Contribution margin ratio=
246,750÷525,000
=0.47×100
=47%

The answer is d
Hope it helps!
the  answer D 47%  margin ratio

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