Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Dice Roll Company sells its only product for $45 per unit. Dice Rolls variable production costs are $12 per unit. The fixed costs to produce

Dice Roll Company sells its only product for $45 per unit. Dice Rolls variable production costs are $12 per unit. The fixed costs to produce 10,000 units were $40,000. What is the contribution margin ratio?

a.

26.7 %

b.

73.3 %

c.

33.3 %

d.

60.0 %

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

Step: 3

blur-text-image

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

Accounting What The Numbers Mean

Authors: David Marshall, Wayne William McManus, Daniel Viele

6th Edition

0072834641, 978-0072834642

More Books

Students also viewed these Accounting questions