Answered step by step
Verified Expert Solution
Question
1 Approved Answer
t0 Holls industie sroduces fash drves for computers, which it ells for $20 each. Each flash drive the month. How much is the contribution margin
t0 Holls industie sroduces fash drves for computers, which it ells for $20 each. Each flash drive the month. How much is the contribution margin ratio? $13 of variable costs to make for a total of $1,000 for casts to make. During April,1,000drives were sold. Fixed costs for March were $2 pe a. 25% b. 35% c.65% d.75% 11. A company has a unit contribution margin of $120 and a contribution margin ratio of 40%, what is unit sellieg price? a $200 b. $300 G. $48 d. Cannot be determined. 12. Dunbar Manufacturing's variable costs are 30% of sales the company is contemplating an advertis n that will cost $55,000. If sales are expected to increase $100,000, by how much will company's net income increase? a. $45,000 b. $70,000 c. $30,000 d. $15,000 13. Armstrong Industries has a contribution margin of $240,000 and a contribution m How much are total variable costs? argin ratio of 30 a. $72.000 b. $560,000 c. $168,000 d. $800,000 14. Zehms, Inc. has a unit contribution margin of S30 and a contribution margin ratio of 60%. How is the selling price of each unit? a $50 b. $75 d. Cannot be determined without more information
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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