Question
Marigold Corp. produces flash drives for computers, which it sells for $15 each. Each flash drive costs $3 of variable costs to make. During April,
Marigold Corp. produces flash drives for computers, which it sells for $15 each. Each flash drive costs $3 of variable costs to make. During April, 1000 drives were sold. Fixed costs for March were $2 per unit for a total of $1000 for the month. What is the contribution margin ratio?
80%
67%
33%
15%
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Uniform Administrative Requirements Cost Principles And Audit Requirements For Federal Awards A Handbook For Institutions Of Higher Education And State And Local Governments
Authors: Andrew Shepard-Smith
1st Edition
1505298482, 978-1505298482
