A cement manufacturer has supplied the following data: Tons of cement produced and sold 230,000 Sales revenue $ 934,000 Variable manufacturing expense $ 285,000 Fixed manufacturing expense $ 286,000 Variable selling and administrative expense $ 135,300 Fixed selling and administrative expense $ 84,000 Net operating income $ 143,700 The company's contribution margin ratio is closest to:

technology is the application of knowledge and tools to solve problems and perform tasks more efficiently. t/f

Bcorporation, a merchandising company, reported the following results for october: sales $ 490,000 cost of goods sold (all variable) $ 169,700 total variable selling expense $ 24,200 total fixed selling expense $ 21,700 total variable administrative expense $ 13,200 total fixed administrative expense $ 33,600 the contribution margin for october is:

Moody corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. at the beginning of the year, the company made the following estimates: machine-hours required to support estimated production 100,000 fixed manufacturing overhead cost $ 650,000 variable manufacturing overhead cost per machine-hour $ 3.00 required: 1. compute the plantwide predetermined overhead rate. 2. during the year, job 400 was started and completed. the following information was available with respect to this job: direct materials $ 450 direct labor cost $ 210 machine-hours used 40