Question
Last month when Holiday Creations, Incorporated, sold 36,000 units, its sales, variable expenses, and fixed expenses were $144,000, $109,440, and $36,800, respectively. Required: 1.
Last month when Holiday Creations, Incorporated, sold 36,000 units, its sales, variable expenses, and fixed expenses were $144,000, $109,440, and $36,800, respectively. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the company's variable expense ratio? Note: Do not round intermediate calculations. 1. Contribution margin ratio 2. Variable expense ratio % %
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
13th Edition
8120335643, 136126634, 978-0136126638
