The information below is provided. Direct materials: $20000$ Direct labour: $45000$ Direct expenses: $6000$ Variable overheads: $11000$ Fixed overheads: $38000$ Sales: $240000$ Determine the contribution to sales ratio.
- A50%
- B54.58%
- C65.83%
- D70.42%
Accounting 9706 · AS & A Level · Costs and cost behaviour
The information below is provided. Direct materials: $20000$ Direct labour: $45000$ Direct expenses: $6000$ Variable overheads: $11000$ Fixed overheads: $38000$ Sales: $240000$ Determine the contribution to sales ratio.