If Sales Are $820,000, Variable Costs Are 55% of Sales

question 22

Multiple Choice

If sales are $820,000, variable costs are 55% of sales, and operating income is $260,000, what is the contribution margin ratio?

• A) 45%
• B) 55%
• C) 62%
• D) 32%

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Definitions:

Mentoring And Partnering Programs

Initiatives designed to foster growth and learning by pairing less experienced individuals with mentors who provide guidance, knowledge, and support.

Social And Cultural Boundaries

Invisible divides or limits that separate different groups of people based on societal rules, cultural norms, or social classifications.

Workforce Creativity

The ability of employees to generate innovative ideas and solutions that can be applied to improve processes, products, or services within the workplace.

Diverse Populations

Groups of people with varying characteristics, backgrounds, cultures, and experiences, enriching a community or organization.