Sales Amount to $774,000, Variable Costs Are 59% of Sales

question 37

Multiple Choice

Sales amount to $774,000, variable costs are 59% of sales, and fixed cost is $120,000.What is the contribution margin ratio?

• A) 37%
• B) 44%
• C) 39%
• D) 41%

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Definitions:

Social Therapy

A form of psychotherapy that focuses on improving interpersonal relationships and social functioning.

Milieu Therapy

A therapeutic approach that uses the immediate social environment to help individuals learn about themselves and improve their behavior.

Antipsychotic Drugs

Medications used to manage psychosis, including symptoms of schizophrenia and bipolar disorder, by altering the effects of neurotransmitters in the brain.

Electroconvulsive Therapy

A medical treatment most commonly used for severe depression, involving electric currents passed through the brain to trigger a brief seizure.