Lee industry sales are 525000 variable costs are 53 of


Question - Lee Industry sales are $525,000, variable costs are 53% of sales, and operating income is $19,000. What is the contribution margin ratio?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Lee industry sales are 525000 variable costs are 53 of
Reference No:- TGS02727898

Now Priced at $20 (50% Discount)

Recommended (96%)

Rated (4.8/5)