Question
Sheffield Corp. produces flash drives for computers, which it sells for $20 each. Each flash drive requires $5 of variable costs to make. During April,
Sheffield Corp. produces flash drives for computers, which it sells for $20 each. Each flash drive requires $5 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% |
|
| 65% |
|
| 35% |
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Auditing A Practical Approach
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren
4th Canadian Edition
1119709490, 9781119709497
