Garcia's, a company that sells fishing nets provides the following information about its product: What is the contribution margin ratio? 25% 75% 100% 125% Young Guns Company, which sells tents, has provided the following information: What are the required sales in units for Young to break even? 315 units 450 units 1,050 units 252 units Evans Roofing Company has estimated the following amounts for its next fiscal year If the company spends an additional $30,000 on advertising, sales volume would increase by 2,500 units. What effect will this decision have on the operating income of Evans? Operating income will increase by $37,500. Operating income will increase by $7,500. Operating income will increase by $70,000 D) Operating income will decrease by $62,500. Which of the following statements is true of absorption costing? It considers variable selling and administrative costs as product costs. It considers fixed selling and administrative costs as product costs. It considers variable manufacturing overhead cost as period costs. It considers fixed manufacturing overhead cost as product costs. Which of the following statements is true of variable costing? It considers fixed selling and administrative costs as period costs. It considers fixed manufacturing overhead as product costs. It considers variable manufacturing overhead as period costs. It considers variable selling and administrative costs as product costs. Period costs under the variable costing method include. direct labor variable manufacturing overhead direct materials variable selling and administrative costs