A manufacturer of tiling grout has supplied the following data: Kilograms produced and sold 320,000 Sales revenue $ 1,930,000 Variable manufacturing expense $ 958,000 Fixed manufacturing expense $ 262,000 Variable selling and administrative expense $ 358,000 Fixed selling and administrative expense $ 228,000 Net operating income $ 124,000 The company's contribution margin ratio is closest to: Multiple Choice 50.4% 81.5% 31.8% 74.6%

Why is efficiency an important economic goal?

Anita has been named ceo of a popular sports apparel company. as ceo, she is tasked with setting the firm's corporate strategy. which of the following decisions is anita most likely to makea) whether to pursue a differentiation or cost leadership strategy b) which customer segments to target c) how to achieve the highest levels of customer satisfaction d) what range of products the firm should offer

Suppose that a paving company produces paved parking spaces (q) using a fixed quantity of land (t) and variable quantities of cement (c) and labor (l). the firm is currently paving 1,000 parking spaces. the firm's cost of cement is $3 comma 600.003,600.00 per acre covered (c) and its cost of labor is $35.0035.00/hour (w). for the quantities of c and l that the firm has chosen, mp subscript upper c baseline equals 60mpc=60 and mp subscript upper l baseline equals 7mpl=7. is this firm minimizing its cost of producing parking spaces?