Question
A company sold a total of 1,000 units for total sales revenue of $105,000. The company incurred total variable expenses of $73,500 and total fixed
A company sold a total of 1,000 units for total sales revenue of $105,000.
The company incurred total variable expenses of $73,500 and total fixed expenses of $ 27,720.
Based on this, the company reported a total contribution margin of $31,500 and net operating income of $ 3,780.
Use this information to answer the following questions. Assume that all units are within the relevant range.
Calculate the contribution margin ratio.
Required information A company sold a total of 1,000 units for total sales revenue of $105,000 The company incurred total variable expenses of $73,500 and total fixed expenses of $ 27,720. Based on this, the company reported a total contribution margin of $31,500 and net operating income of $ 3,780, Use this information to answer the following questions. Assume that all units are within the relevant range, Calculate the contribution margin ratio. Contribution margin ratio %
A company sold a total of 1,000 units for total sales revenue of $105,000.
The company incurred total variable expenses of $73,500 and total fixed expenses of $ 27,720.
Based on this, the company reported a total contribution margin of $31,500 and net operating income of $ 3,780.
Use this information to answer the following questions. Assume that all units are within the relevant range.
Calculate the contribution margin ratio.
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Accounting Ethics
Authors: Ronald F. Duska, Brenda Shay Duska, Kenneth Wm. Kury
3rd Edition
1119118786, 9781119118787
