Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 10, 2024

Current Attempt in Progress Sales are $ 4 0 0 0 0 0 and variable costs are $ 3 0 0 0 0 0 .

Current Attempt in Progress

Sales are $

400000

and variable costs are $

300000 .

What is the contribution margin ratio?

Cannot be determined because amounts are not expressed per unit.

25 %

33 %

75 %

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

Recommended Textbook for

The Process Approach Audit Checklist For Manufacturing

Authors: Karen Welch

1st Edition

0873896440, 978-0873896443

More Books

Students also viewed these Accounting questions

Question

★★★★★

What cultures are relevant to this project? Describe the project environment. MINI CASE Mr. Robert Rutland, founder of the National Jazz Hall of Fame, poured himself another drink as he listened to...

Answered: 1 week ago

Question

★★★★★

The data represent the results of a survey conducted by the author. The column "Texts" represents the number of texts the individual sent for the month prior to the survey. Draw a relative frequency...

Answered: 1 week ago

Question

★★★★★

9.2. Discuss some of the main causes of childrens conduct problems across genetic, biological, psychological, familial, and socialcultural levels of analysis.

Answered: 1 week ago

Question

★★★★★

As discussed in Chapter 14, leases that are in- substance purchases of assets should be capitalized an asset and associated liability should be recorded for the fair value acquired. Mason Enterprises...

Answered: 1 week ago

Question

★★★★★

Consider the statement: "If we can identify a portfolio that beats the S&P 500 Index portfolio, then we should reject the single-index CAPM." Do you agree or disagree? Justify your arguments....

Answered: 1 week ago

Question

★★★★★

Marina, Inc., held 1,500 of Navia common stock with a cost of $36,900. These shares were classified as a long-term available-for-sale investment. It sold the shares on December 13 for $42,100....

Answered: 1 week ago

Question

★★★★★

A combustion unit is burning refused derived fuel (RDF) consisting of 88% organics, 7% water, and 5% inorganics (inerts) at a rate of 1000 kg h. Assume the heat value of the fuel to be 17,000 kJ/kg...

Answered: 1 week ago

Question

★★★★★

A 4-m long, 150-kg steel beam is attached to a wall with one end connected to a hinge that allows the beam to rotate up and down. The other end of the beam is held in a horizontal position with a...

Answered: 1 week ago

Question

★★★★★

DM & DL variances; journal entries Madzinga's Draperies manufactures curtains. Curtain #4571 requires the following: Direct material standard 10 square yards at $5 per yard Direct labor standard 5...

Answered: 1 week ago

Question

★★★★★

4. (a) A steel beam is 12 m long when installed at 32 C. Determine how much does its length change when it changes temperature from -23 C to 55 C. For steel = 1.1 105 C. [PHYS0030 MID-TERM...

Answered: 1 week ago

Question

★★★★★

5.2 Assuming the workstation currently has one hard drive installed, what additional hardware would be necessary to implement each of the two methods? 5.3 What additional fault tolerance method would...

Answered: 1 week ago

Question

★★★★★

Locus of control: the extent to which employees feel they have sufficient control of their environment in order to benefit from performance-related pay;

Answered: 1 week ago

Question

★★★★★

Individualismcollectivism: the extent to which rewards are distributed on the basis of individual performance;

Answered: 1 week ago

Question

★★★★★

Ascriptionachievement status: the extent to which it is appropriate to reward ascribed status or achievement in the job;

Answered: 1 week ago

Previous Question Next Question