accounting 13

1. John, a sales rep for Food Industries, is given the following information on its latest latex-based product. Selling price per unit $5.00 Variable cost per unit $3.00 Total fixed costs $90,000 What is the contribution margin ratio? O 60% o 100% O 30% o 40% 2. Tech Corp uses three cost drivers to estimate overhead costs allocated to its product. The cost drivers are: (1) Processing costs, (2) finishing costs and (3) delivery costs. The percentages attributable to the cost drivers are 40% for processing, 20% for finishing and 30% for delivery. What is the cost allocated to this product? The processing cost are $800. The finishing costs are $450. Delivery costs are $225. o $506 o $1,570 o $800 o Other, calculate