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Questions 1-5 utilize the following information. If you select answer d, indicate the correct amount. The NYC branch of Monica's Catering is organized as
Questions 1-5 utilize the following information. If you select answer d, indicate the correct amount. The NYC branch of Monica's Catering is organized as an investment center. The following information is available for the current year: Sales Variable expenses. Traceable fixed costs Average total assets of the uptown branch.. 1. The contribution margin at the NYC branch during the current year is: A. $9,000 $240,000 $120,000 $61,000 $95,000 B. $84,000 C. $120,000 D. $56,000 2. The contribution margin ratio is: A. 40% B. 50% C. 55% D. 25% 3. The responsibility margin for the NYC branch during the year is: A. $120,000 B. $25,000 C. $179,000 D. $59,000 4. If sales volume decreased by 10% and traceable fixed costs decreased by 20% what would be the new contribution margin? A. $75,600 B. $108,000 C. $79,200 D. $80,000
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