Multiple Choice
Boswell company reported the following information for the current year: Sales (50,000 units) $1,000,000, direct materials and direct labor $500,000, other variable costs $50,000, and fixed costs $270,000.What is Boswell's contribution margin ratio?
A) 68%.
B) 45%.
C) 32%.
D) 55%.
Correct Answer:
Verified
Correct Answer:
Verified
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