Question
Kelly Company produces flash drives for computers, which it sells for $20 each. Each flash drive costs $15 of variable costs to make. During April,
Kelly Company produces flash drives for computers, which it sells for $20 each. Each flash drive costs $15 of variable costs to make. During April, 1,000 drives were sold. Fixed costs for March were $2 per unit for a total of $1,000 for the month. How much is the contribution margin ratio?
a) 20% b) 25% c) 75% d) 80%
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CPA Exam Review 2020 At Least Know This Auditing And Attestation
Authors: At Least Know This
1st Edition
1706038364, 978-1706038368
