Which of the following formulas is used to calculate the contribution margin ratio?
A. (Sales - Fixed expenses) ÷ Sales
B. (Sales - Cost of goods sold) ÷ Sales
C. (Sales - Variable expenses) ÷ Sales
D. (Sales - Total expenses) ÷ Sales
Answer: C
Which of the following formulas is used to calculate the contribution margin ratio?
A. (Sales - Fixed expenses) ÷ Sales
B. (Sales - Cost of goods sold) ÷ Sales
C. (Sales - Variable expenses) ÷ Sales
D. (Sales - Total expenses) ÷ Sales
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.