Determine the contribution margin ratio, Accounting Basics

+44 141 628 6080
[email protected]

Determine the contribution margin ratio

Clark Company produces flash drives for computers, which it sells for $20 each. Each flash drive costs $12 of variable costs to make. During April, 1,000 drives were sold. Fixed costs for March were $2 per unit for a total of $1,000 for the month. How much is the contribution margin ratio?

a. 30%

b. 40%

c. 60%

d. 70%

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Determine the contribution margin ratio

Reference No:- TGS069708

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Management theory

Management theory, What type of management theory does asda practice? What are the different approaches to management used by asda & British airways?

Q : Psychology

Psychology, Professor Stenson is examining the effects of color on patients' anxiety level. She randomly assigns patients to either a room painted white or a room painted black, and then records their

Q : Determine the net operating income earned by product

According to the company's accounting system, what is the net operating income earned by product S85U? Show your work!

Q : Prepare consolidation worksheet entries

Chapman uses the initial value method for this investment. prepare consolidation worksheet entries for december 31,2009, and december 31,2010.

Q : Determine the contribution margin ratio

Q : What percent are variable costs of sales

Reese Company requires sales of $2,000,000 to cover its fixed costs of $700,000 and to earn net income of $500,000. What percent are variable costs of sales?

Q : Variable expenses in the cvp income statement

Givenchy Company sells 100,000 wrenches for $12.00 per unit. Fixed costs are $350,000 and net income is $250,000. What should be reported as variable expenses in the CVP income statement?

Q : Controllable margin for the year

Garrison Company recorded operating data for its shoe division for the year. The company's desired return is 5%. Which one of the following reflects the controllable margin for the year?

Q : Problem on budgeted sales revenue for the third quarter

Ceatric's policy is to maintain an ending inventory equal to 25% of the next quarter's sales. Each surfboard costs $100 and is sold for $150. How much is budgeted sales revenue for the third quarter of 2008?

1954055

Questions
Asked

3,689

Active Tutors

1445948

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Determine the contribution margin ratio

Reference No:- TGS069708

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Management theory

Q : Psychology

Q : Determine the net operating income earned by product

Q : Prepare consolidation worksheet entries

Q : Determine the contribution margin ratio

Q : What percent are variable costs of sales

Q : Variable expenses in the cvp income statement

Q : Controllable margin for the year

Q : Problem on budgeted sales revenue for the third quarter

Identify one antecedent, one behaviour, and one consequence

Review a social, behavioral, or cultural factor

Discussion about gender stereotyping

Problem on journal articles and non-journal materials

What is a behavioral indicator related to family

Discuss three ethical guidelines that are important

Identify a specific theory of cognitive or moral development

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Determine the contribution margin ratio

Reference No:- TGS069708

Recent Questions Asked Accounting Basics

Q : Management theory

Q : Psychology

Q : Determine the net operating income earned by product

Q : Prepare consolidation worksheet entries

Q : Determine the contribution margin ratio

Q : What percent are variable costs of sales

Q : Variable expenses in the cvp income statement

Q : Controllable margin for the year

Q : Problem on budgeted sales revenue for the third quarter

Asked Questions