Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The variable cost ratio explains the percentage of sales revenue that: O A. contributes towards fixed costs and generating a profit B. contributes towards variable

image text in transcribed
image text in transcribed
The variable cost ratio explains the percentage of sales revenue that: O A. contributes towards fixed costs and generating a profit B. contributes towards variable costs C. contributes towards product costs O D. contributes towards contribution margin Nicole's Candles provides the following information from its accounting records: $68,000 Total Sales Revenue Selling price per unit Total variable cost per unit $25 $10,200 $15,120 Total fixed cost What is the contribution margin ratio for Nicole's candles? OA. .85 . .23 C..62 D. .15

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Energy Audit And Survey Of Street Light System A Preliminary Report

Authors: Dr. Manoj Dhondiram Patil

1st Edition

B08GBCWWFY, 979-8676818388

More Books

Students also viewed these Accounting questions

Question

Find the derivative of y= cos cos (x + 2x)

Answered: 1 week ago

Question

Additional Factors Affecting Group Communication?

Answered: 1 week ago