Thank you for helping me out Chegg Tutor! Much appreciated! :)

QUESTION 11

1. The contribution margin ratio:

   	a.	is total contribution margin divided by total sales and then multiplied by 100
   	b.	is useful for short-run decision making
   	c.	is the contribution margin shown as a percentage of revenue
   	d.	determines the sales dollars required to achieve a desired profit
   	e.	all of the options are correct

1 points

QUESTION 12

1. The following information is available for product H57.

   Direct material costs $48.00 per unit of product

   Costs of machining $37.50 per machine hour

   Costs of packing $12.50 per carton packed

   The firm applies 60% mark-up on costs.

   What is the total full cost of an order for 1000 units of product H57 which will use 65 machine hours and 45 cartons?

   	a.	$50 437.50
   	b.	$48 000.00
   	c.	$48 562.50
   	d.	None of the answers is correct
   	e.	$51 000.00