Posted: May 9th, 2017
If the monthly sales volume required to break even is $190,000 and monthly fixed costs are $55,900, the contribution margin ratio is closest to:
If the monthly sales volume required to break even is $190,000 and monthly fixed costs are $55,900, the contribution margin ratio is closest to:
A. 29%.
B. 71%.
C. 23%.
D. 340%.
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