Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 08, 2024

Ito Company has provided the following information: Price per unit $40 Variable cost per unit 18 Fixed costs per month $25,000 What is the contribution

Ito Company has provided the following information:

Price per unit

$40

Variable cost per unit

18

Fixed costs per month

$25,000

What is the contribution margin ratio? Round your answer to the nearest whole percent.

A.

18%

B.

45%

C.

40%

D.

55%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

4. Ashantis sense of humor keeps the class positive.

Answered: 1 week ago

Question

★★★★★

Alex, Inc., buys 40 percent of Steinbart Company on January 1, 2010, for $530,000. The equity method of accounting is to be used. Steinbarts net assets on that date were $1.2 million. Any excess of...

Answered: 1 week ago

Question

★★★★★

Belinda wants to buy a second-hand car and visits a number of car dealers before deciding to purchase an as new 1998 Ford Mustang from American Car Sales. The sales person, Jaxson, tells Belinda that...

Answered: 1 week ago

Question

★★★★★

Activity-Based Product Costing Sweet Sugar Company manufactures three products (white sugar, brown sugar, and powdered sugar) in a continuous production process. Senior management has asked the...

Answered: 1 week ago

Question

★★★★★

A 8 B = 0.25, 0.50 105 0 The uniform slender bar has an ideal roller at its upper end A. Determine the minimum value of the angle e for which equilibrium is possible for us = 0.25 in degrees round...

Answered: 1 week ago

Question

★★★★★

Figures 2 show a statically determinate beam under distributed loading conditions where C is the constant. q(x) = C(2x- - x L Figure 2 A RA L RB a) Determine the resultant of the distributed load...

Answered: 1 week ago

Question

★★★★★

the reactor core using an electromagnetic pump. A point A, the pipe has a diameter of 3-in and the sodium measures 20-psi gauge pressure. The sodium moves through the pipe at A with a velocity given...

Answered: 1 week ago

Question

★★★★★

Steve makes calls to prospective clients to set up an appointment for insurance sales calls. 15% of the calls that he makes result in an appointment with a prospective client. Give your answers...

Answered: 1 week ago

Question

★★★★★

3) Determine the change of volume caused in the block due to the application of the forces (Bulk Modulus Problem) c=60 mm 100 kN b=50 mm 50 kN a= = 100 mm 180kN

Answered: 1 week ago

Previous Question Next Question

Price per unit	$40
Variable cost per unit	18
Fixed costs per month	$25,000

Question

Ito Company has provided the following information: Price per unit $40 Variable cost per unit 18 Fixed costs per month $25,000 What is the contribution

Ito Company has provided the following information: Price per unit $40 Variable cost per unit 18 Fixed costs per month $25,000 What is the contribution margin ratio? Round your answer to the nearest whole percent. A. 18% B. 45% C. 40% D. 55%

Step by Step Solution

Step: 1

Get Instant Access with AI-Powered Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Students also viewed these Accounting questions

Question

Question

Question

Question

Question

Question

Question

Question

Question

Ito Company has provided the following information:

Price per unit

$40

Variable cost per unit

18

Fixed costs per month

$25,000

What is the contribution margin ratio? Round your answer to the nearest whole percent.

A.

18%

B.

45%

C.

40%

D.

55%