Boswell Company Reported the Following Information for the Current Year

question 74

Multiple Choice

Boswell company reported the following information for the current year: Sales (50000 units) $1000000 direct materials and direct labor $500000 other variable costs $50000 and fixed costs $360000. What is Boswell's contribution margin ratio?

• A) 68%.
• B) 45%.
• C) 32%.
• D) 55%.

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Definitions:

Public Sector

The part of the economy that is controlled by the government, including public services and enterprises.

State-run Lotteries

Lotteries operated by state governments in which participants buy tickets for a chance to win monetary prizes, often contributing to public funding.

Education Sector

A segment of society focused on the provision, development, and delivery of educational services and institutions.