BBB Construction wants to calculate the historical contribution margin ratio based on the following information:...
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Accounting
BBB Construction wants to calculate the historical contribution margin ratio based on the following information:
- Revenues: 22,000,000
- Construction Costs: 15,000,000 - Variable Overhead: 62,000 - Fixed Overhead: 615,000
- Estimated Variable Overhead: 90,000
- Estimated Fixed Overhead: 782,000
What is the historical contribution margin ratio?
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