Question
The next two questions are related to the following information: Emory gathered the following information from her recent wedding event that she had managed: Flat
The next two questions are related to the following information:
Emory gathered the following information from her recent wedding event that she had managed:
Flat fee per guest: $200
Variable cost per guest: 50% of the fee
A total of 250 guests attended the wedding.
The sales amounted to $50,000.
Variable cost: $25,000 Net income: $3,000
- Calculate the contribution margin ratio.
- Calculate the fixed expenses. Sales = $50,00 Variable Cost = $25,000
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Financial Accounting
Authors: Warren, Reeve, Duchac
12th Edition
1133952410, 9781133952411, 978-1133952428
