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Cherry Wood Company sells desks at 480 per desk The costs associated with each desk are as follows Direct materials 195 Direct labor 126 Variable factory overhead 51 Total fixed costs for the per

Cherry Wood Company sells desks at $480 per desk. The costs associated with each desk are as follows:
                                  Direct materials                                 $195
                                  Direct labor                                        126
                                  Variable factory overhead                   51
Total fixed costs for the period are $456,840. The contribution-margin ratio is _____.
a. 22.5%
b. 29.0%
c. 40.6%
d. 77.5%

Jun 10 2021 View more View Less

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