FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Crane Company produces flash drives for computers, which it sells for $15 each. Each flash drive costs $6 of variable costs to make. During April

image text in transcribed
Crane Company produces flash drives for computers, which it sells for $15 each. Each flash drive costs $6 of variable costs to make. During April 1000 drives were sold. Fixed costs for April were $1000. How much is the contribution margin ratio? O 60% 0 53% 47% O 30%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Credentialing Audits Tools For Compliance And Reduced Liability

Credentialing Audits Tools For Compliance And Reduced Liability

Authors: CPMSM Vicki L. Searcy

1st Edition

1578398584, 978-1578398584

More Books

Students also viewed these Accounting questions

Question

★★★★★
One feature in international selling that is becoming more common is the idea of piggybacking; i.e., tying up with existing sales channels to distribute and sell your products. Examples include...

Answered: 1 week ago

Question

★★★★★
What is the formula for the multiplier? Explain why this formula is considered to be too simple.

Answered: 1 week ago

Question

★★★★★
=+Assume it is reasonable to regard the sample as representative of male smokers who die of lung cancer. Is there convincing evidence that the proportion of male smoker lung cancer deaths is not the...

Answered: 1 week ago

Question

★★★★★
Funke Corporation has only five employees who are all paid $1,050 per week. Compute the total FICA taxes that the employer would withhold from the five employees each week and the amount the company...

Answered: 1 week ago

Question

★★★★★
Crane Company produces flash drives for computers, which it sells for $15 each. Each flash drive costs $6 of variable costs to make. During April 1000 drives were sold. Fixed costs for April were...

Answered: 1 week ago

Question

★★★★★
(4) If D resigns and has to be replaced then no matter who is appointed by the President (i.e., no matter what the ideal point of mezppeme) decisions of the Court will not be Emsdent's ideal point....

Answered: 1 week ago

Question

★★★★★
Carol is the purchasing manager for J'Divine, a popular wedding photography business. She is responsible for assessing the purchasing and supply activities performed by J'Divine's purchasing and...

Answered: 1 week ago

Question

★★★★★
How might a neuroscientist use children's interest in video games to design an experimental or longitudinal study determining whether intense amounts of practice in a particular skill causes...

Answered: 1 week ago

Question

★★★★★
ABA Procedure In this section, name the ABA Procedure being considered. For example, "Differential Reinforcement of Other Behavior (DRO)." Special Methods In this section, discuss the implementation...

Answered: 1 week ago

Question

★★★★★
Humans, especially children, have an amazing capability to learn language. Within the first year of life, children will have learned many of the necessary concepts to have functional language,...

Answered: 1 week ago

Question

★★★★★
Martina was geared up for a long day on the bike trail and began her day with a balanced breakfast. Although she brought plenty of water with her, she was also able to stay hydrated because her...

Answered: 1 week ago

Question

★★★★★
Cognitive ability tests seem to be the most valid selection devices available for hiring employees, yet they also have adverse impact against blacks and Hispanics. Given the validity and adverse...

Answered: 1 week ago

Question

★★★★★
Health and safety legislation shows no sign of abating. Debate whether you consider that excessive legislation merely creates confusion and bureaucracy and makes it more diffi cult for businesses to...

Answered: 1 week ago

Question

★★★★★
In focus on research 11.4, what evidence is there for the convergence of Western and Japanese cultures? Discuss what implications any convergence may have for other HRM practices in Japan.

Answered: 1 week ago

Previous Question Next Question