57) The contribution margin ratio is computed as: A) Sales minus variable costs, divided by sales. B) Sales divided by variable costs. C) Sales minus fixed costs, divided by sales D) Fixed costs plus variable costs, divided by sales Mitchell Corporation manufactures a single product. The selling price is $85 per unit, and variable coss to $68 per unit. The fixed costs are $16,500 per month amou s8) Refer to the information abowe Whatisthe contributio nai Meits proden A)20%. ?) 80%. C)72%. D)65% The following data are available for product no. CK74, manufactured and sold by Ruby Maximum capacity with present facilities. Total fixed cost (per period . Variable cost per unit . Sales price per unit 4,500 units $986,337 $120.29 $200.48 59) Refer to the information above. The contribution margin per unit for product no. C04 is: A) $63. B) $26. C) $117. D) $80.19. 60) If monthly fixed costs are $21,000 and the contribution margin ratio is 42%, the monthly sales volume required to break even is: A) $39,207 B) 578,000. C) 550,000. D) $8,820 61) Quick assets include which of the following? A) Cash, prepaid rent, and receivables. B) Market securities, receivables, and inventories C) Cash, marketable securities, and receivables. D) Cash, marketable securities, and inventories 62) The ratio which measures total liabilities as a percentage of total assets is called A) Debt ratio. C) Quick ratio. B) Working capital. D) Current ratio. A-10