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The variable cost ratio explains the percentage of sales revenue that: OA. contributes towards fixed costs and generating a profit B. contributes towards variable
The variable cost ratio explains the percentage of sales revenue that: OA. contributes towards fixed costs and generating a profit B. contributes towards variable costs OC. contributes towards product costs D. contributes towards contribution margin Nicole's Candles provides the following information from its accounting records: Total Sales Revenue $68,000 Selling price per unit $25 Total variable cost per unit $10,200 Total fixed cost $15,120 What is the contribution margin ratio for Nicole's candles? OA. .85 B. .23 C. .62 D. .15
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Cornerstones of Managerial Accounting
Authors: Mowen, Hansen, Heitger
3rd Edition
324660138, 978-0324660135
