Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If sales are $28,000. variable costs are $8,000, and fixed costs are $4,000, the contribution margin ratio is: (rounded to the nearest number) O a.

image text in transcribed
If sales are $28,000. variable costs are $8,000, and fixed costs are $4,000, the contribution margin ratio is: (rounded to the nearest number) O a. None of the given answers Ob 14% Oc 71% Od 57% Oc. 29%

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

Auditing Principles

Authors: Nformi Eugene Tawe

1st Edition

3330651032, 978-3330651036

More Books

Students also viewed these Accounting questions