(Answered) Question - kelchner corporation has provided the following

Accounting

Question - Kelchner Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range.

Sales (3,000 units) $180,000

Variable expenses 108,000

Contribution margin 72,000

Fixed expenses 62,400

Net operating income $9,600

What is the contribution margin ratio for Kelchner Corporation? Explain how.

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