Bryce Co Sales Are $914,000, Variable Costs Are $498,130, and Operating

question 147

Multiple Choice

Bryce Co. sales are $914,000, variable costs are $498,130, and operating income is $196,000. The contribution margin ratio is

• A)52.2%
• B)28.4%
• C)54.5%
• D)45.5%

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Definitions:

Active Listening

A communication technique involving fully concentrating on the speaker, understanding their message, responding thoughtfully, and remembering the discussion.

Paraphrasing

The act of rewording or restating text or speech to retain the original meaning while altering the form of expression.

Communication

The process of transferring information, meaning, and understanding from one entity or group to another.

Nonverbal Communication

The transmission of wordless cues between people.