+1-415-670-9189
info@expertsmind.com
Finding out the contribution margin ratio
Course:- Accounting Basics
Reference No.:- EM13159082





Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Accounting Basics

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%.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Accounting Basics) Materials
How should Customer payment records including reports and source documents be stored? (consider confidentiality). Also consider and Tax requirements for how data should be
What interests or surprises you about the summary table? How does that rate compare with the rate in the previous month or quarter? Discuss the differences in unemployment rat
Discuss within your Learning Team how and why the U.S.'s deficit, surplus and debt have an effect on the following: Tax payers Future Social Security and Medicare users.
What can Warren do within GAAP to accommodate the president's wishes to achieve $7,000,000 in income before taxes and bonus? Present the revised income statement based on your
Discuss why you have a negative evaluation of the theory area. In addition, state what you believe the theory effectively accomplishes. Discuss what you would write to the F
What income did Allerton record from Jenson in 2014? What income did Allerton record from Jenson in 2015?  Record the journal entry to recognize the conversion to the equity m
Calculate the interest revenue, weighted-average accumulated expenditures, avoidable interest, and total interest cost to be capitalized during 2010. Round all computations to
Joan's dance studio had the following transactions during May. Received a utility bill for May totaling $600 that will be paid in June. Prepare a cash basis and an accrual bas