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The Gasson Company sells three products, Product A, Product B and Product C, and had sales of $1,200,000 during the month of June. The company's
The Gasson Company sells three products, Product A, Product B and Product C, and had sales of $1,200,000 during the month of June. The company's overall contribution margin ratio was 37% and fixed expenses totaled $360,000. Sales were: Product A, $580,000; Product B, $340,000; and Product C, $280,000. Traceable fixed costs were: Product A, $128,000; Product B, $116,000; and Product C, $64,800. The variable expenses of Product A were $340,000 and the variable expenses of Product B were $194,400.
The contribution margin ratio for Product C is: (Round your final percentage to one decimal place.) |
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