Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3.If contribution margin is $13000, total variable cost is $7000 then total revenue will be 1.$6,000 2.$6000 3.$20,000 4.$20000 4. If selling price is $5000,

3.If contribution margin is $13000, total variable cost is $7000 then total revenue will be

1.$6,000

2.$6000

3.$20,000

4.$20000

4. If selling price is $5000, contribution margin per unit is $1000, then contribution margin percentage will be

1.12%

2.20%

3.5%

4.15%

5. If revenue is $15000, total variable cost is $5000 and fixed cost $2000 then operating income will be

1.$4,000

2.$8,000

3.$5,000

4.$3,000

Please provide the correct response

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Integrated Reporting

Authors: Chiara Mio

1st Edition

1137551488, 9781137551481

More Books

Students also viewed these Accounting questions

Question

Why is job analysis considered to be a basic HR tool?

Answered: 1 week ago

Question

5.1 Define recruitment and describe the recruitment process.

Answered: 1 week ago