Use the following to answer questions 69-71: A cement manufacturer has supplied the following data: Tons of cement produ

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Use The Following To Answer Questions 69 71 A Cement Manufacturer Has Supplied The Following Data Tons Of Cement Produ 1 (39.49 KiB) Viewed 8 times

Use the following to answer questions 69-71: A cement manufacturer has supplied the following data: Tons of cement produced and sold Sales revenue Variable manufacturing expense Fixed manufacturing expense Variable selling and administrative expense Fixed selling and administrative expense Net operating income 220,000 $924,000 $297,000 $280,000 $165,000 $82,000 $100,000 69. What is the company's unit contribution margin? A) $4.20 B) $0.45 C) $1.90 D) $2.10 Answer: D Level: Easy LO: 1 70. The company's contribution margin ratio is closest to: A) 40.0% B) 50.0% C) 60.0% D) 10.7% A) $5,000 B) $123,100 C) $105,000 D) $102,500 Answer: B Level: Medium LO: 1 Answer: B Level: Easy LO: 3 71. If the company increases its unit sales volume by 5% without increasing its fixed expenses, then total net operating income should be closest to: