Multiple Choice
Forward Company makes and sells power tools.The budgeted sales are $480,000, budgeted variable costs are $175,000, and budgeted fixed costs are $260,000.What is the budgeted contribution margin ratio? (Note: Round answer to two decimal places.)
A) 35.64%
B) 63.54%
C) 54.45%
D) 89.50%
E) 50.20%
Correct Answer:
Verified
Correct Answer:
Verified
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