Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Apple Inc sells a unique product with the following information available: Sales price $170 per unit Variable costs $50 per unit Fixed costs $20000 Units
Apple Inc sells a unique product with the following information available:
Sales price | $170 per unit |
Variable costs | $50 per unit |
Fixed costs | $20000 |
Units produced and sold | 2500 |
What is the contribution margin ratio?
Select one:
70.59%
2.40%
61.18%
41.67%
Clear my choice
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started