Multiple Choice
Thompson Company makes and sells power tools.The budgeted sales are $450,000, the budgeted variable costs are $150,000, and the budgeted fixed cost is $230,000.What is the budgeted variable cost ratio? (Note: Round answer to two decimal places.)
A) 54.66%
B) 33.33%
C) 89.50%
D) 19.23%
E) 50.50%
Correct Answer:
Verified
Correct Answer:
Verified
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