Question
Coffee Klatch is an espresso stand in a downtown office building. The CM Ratio is 85%. The average fixed expense per month is $1,300. An
Coffee Klatch is an espresso stand in a downtown office building. The CM Ratio is 85%. The average fixed expense per month is $1,300. An average of 2,100 cups are sold each month. What is the CM for Coffee Klatch if sales for February were $1,750?
a) $187.50
b) 85%
c) $1487.50
d) 1785
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
3rd Edition
978-0077398194
