Wesleys income statement is as follows sales 10000 units -


Question - Wesley's income statement is as follows:

Sales (10,000 units)

$150,000

Less variable costs

-  48,000

Contribution margin

$102,000

Less fixed costs

-  24,000

Net income

$78,000

What is the contribution margin ratio?

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Accounting Basics: Wesleys income statement is as follows sales 10000 units -
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