Eagle Stationery & Supplies Company sells jumbo highlighters at $160 per highlighter. The costs associated with each highlighter are as follows: Direct materials $65 Direct labour $42 Variable factory overhead $17 Total Fixed Costs is $152,280 What is the contribution margin ratio? Question 18Answer a. 22.5% b. 29.0% c. 77.5% d. 40.6%
Eagle Stationery & Supplies Company sells jumbo highlighters at $160 per highlighter. The costs associated with each highlighter are as follows: Direct materials $65 Direct labour $42 Variable factory overhead $17 Total Fixed Costs is $152,280 What is the contribution margin ratio? Question 18Answer a. 22.5% b. 29.0% c. 77.5% d. 40.6%
Chapter5: Process Costing
Section: Chapter Questions
Problem 2PB: The following product costs are available for Kellee Company on the production of eyeglass frames:...
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Question
Eagle Stationery & Supplies Company sells jumbo highlighters at $160 per highlighter. The costs associated with each highlighter are as follows:
Direct materials $65
Direct labour $42
Variable factory overhead $17
Total Fixed Costs is $152,280
What is the contribution margin ratio?
Question 18Answer
a.
22.5%
b.
29.0%
c.
77.5%
d.
40.6%
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