ROGERS 1:47 PM 37% Done tb03.docx 31. If sales are $80,000, variable costs are $50,000, and fixed costs are $20,000, the contribution margin ratio is: a) 37.5% b) 12.5% c) 62.5% d) 25.0% Answer: a Difficulty: Easy Learning Objective: Apply CVP calculations for a single product. CPA: Management Accounting 32. Hangers Co. manufactures and sells a single product. This product has the following operational data Unit sales price 30 Variable Fixed manufacturing costs 72,000 Variable selling cost per unit 1 Fixed selling costs 27,000 Marginal tax rate 40% cost per unit 17 What amount of total revenue would be needed to meet an after-tax profit target of $48,000? a) $365,000 b) $547,500 c) $630,000 d) $447,500 Answer: d Difficulty: Medium Learning Objective: Apply CVP calculations for a single product. CPA: Management Accounting 33. PhotoMix Corporation produces three products. Cost, price, and volume data is shown below Total Fixed costs $2,400 Tax rate 40% Picture Candle CD