Question
Crane Company produces flash drives for computers, which it sells for $22 each. Each flash drive costs $4.40 of variable costs to make. During April,
Crane Company produces flash drives for computers, which it sells for $22 each. Each flash drive costs $4.40 of variable costs to make. During April, 1800 drives were sold. Fixed costs for April were $1.10 per unit for a total of $1980 for the month. How much is the contribution margin ratio?
a:20%
b:25%
c:75%
d:80%
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Financial Accounting A Global Approach
Authors: Sidney J. Gray, Belverd E. Needles
1st Edition
9780395839867
