Sheridan Inc. has one product with a selling price per unit of $250, the unit variable cost is $170, and the total monthly fixed costs are $744000. How much is Sheridans contribution margin ratio?

32.00%

68.00%

47.10%

83.00%

Question 2

In September, Coronado Company had the following financial statement amounts related to producing 550 units:

Direct materials	$29700
Depreciation expense	12100
Sales revenue	104500
Direct labour	25300
Rent expense	27500

How much is total contribution margin for September?

$49500

$9900

$74800

$220003

Gift Gallery sold 2000 Zooglars during 2020. Information is provided concerning the Zooglar product:

Sales	$59100
Variable costs	24300
Fixed costs	9800
Net income	$25000

If Gift Gallery sells 20 more units, by how much will its profit increase?

$17

$348

$250

$591

Question