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

question 38

Multiple Choice

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

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

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Definitions:

Puritan Church

The church established by Puritans in the New England colonies, emphasizing a strict and simplistic lifestyle based on their interpretations of Christianity.

Legal Code

A set of laws adopted by a state or country as a body of rules that are enforceable by law enforcement and judicial authorities.

Sugar Industry

A sector of the economy focused on the production, processing, and distribution of sugar from sugar cane or sugar beets.

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A group of islands in the Caribbean Sea, part of the West Indies, divided into the Leeward Islands and the Windward Islands.