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Just need the answer thanks 11. Joes Coffee House sells a unique item with the following information available: Sales price $20 per unit Variable costs
Just need the answer thanks
11.
Joes Coffee House sells a unique item with the following information available:
Sales price | $20 per unit |
Variable costs | $6 per unit |
Fixed costs | $1 per unit |
Units produced and sold | 1000 |
What is the contribution margin ratio?
Select one:
35%
30%
65%
70%
12.
If production increases by 20%, the total variable cost will:
Select one:
decrease by 20%.
increase by 20%.
increase by more than 20%.
remain the same.
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