Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 05, 2024

Multiple Choice Question 86 Hollis Industries produces flash drives for computers, which it sells for $20 each. Each flash drive requires $13 of variable costs

Multiple Choice Question 86 Hollis Industries produces flash drives for computers, which it sells for $20 each. Each flash drive requires $13 of variable costs to make. During April, 1000 drives were sold. Fixed costs for April were $1000. How much is the contribution margin ratio? 75% 25% o 35% Question Attempts: 0 of 1 used

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

1. If parents want to focus on the grade level of their child, tell them that high grade-equivalent scores reflect a thorough understanding of the current grade level and NOT the capacity to do...

Answered: 1 week ago

Question

★★★★★

(a) Explain the similarities and differences between standards and budgets. (b) Contrast the accounting for standards and budgets.

Answered: 1 week ago

Question

★★★★★

a. What is the rate of retum on the portfolio in each scenario? b. What are the expected rate of return and standard deviation of the portifolio? Complete this question by entering your answers in...

Answered: 1 week ago

Question

★★★★★

Senerio 1: Your work for Amazing Projects and Sons (Amazing Project). Your manager asked you to visit the General Manager of Bounce Fitness in the Sydney Centre. The General Manager has contacted...

Answered: 1 week ago

Question

★★★★★

The balance in the prepaid rent account before adjustment at the end of the year is $15,000, which represents five months' rent paid on December 1. The adjusting entry required on December 31 is...

Answered: 1 week ago

Question

★★★★★

What are some benefits of social networking? Select all that apply. Responses can introduce you to potential romantic partners can introduce you to potential romantic partners a boss may hear about...

Answered: 1 week ago

Question

★★★★★

Fortes Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours....

Answered: 1 week ago

Question

★★★★★

Why are the liabilities and shareholders equity accounts represented as negative on the consolidated balance sheet? LO 2-7 Prepare a worksheet to consolidate the accounts of two companies that form...

Answered: 1 week ago

Question

★★★★★

In 3-5 sentences, list your favorite tool from the course lean six sigma green belt and how it could be applied in a real-life situation.

Answered: 1 week ago

Previous Question Next Question