CM ratio = 1 ______ the Variable expense ratio. minus plus divided by multiplied by
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CM ratio = 1 ______ the Variable expense ratio.
- minus
- plus
- divided by
- multiplied by
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- I need number 3. Compute the gross margin for FIFO method and LIFO method.2. FIFO 3. LIFO 4. Weighted average method (Round average unit cost to the nearest cent, and round all other calculations and your final answers to the nearest dollar.)9. The point where the sales line and the total expense line intersects represents the A. profit point. B. contribution point. C. breakeven point. D. margin point.
- What ratio indicates the percentage of each sales dollar that is available to cover fixed costs and to provide a profit? A. Margin of safety ratioB. Contribution margin ratioC. Costs and expenses ratioD. Profit ratioHow do I calculate the gross margin value under the FIFO, LIFO, and weighted average methods.Mark up can be calculated by the formula; a. Markup = Cost + Expenses b. Markup = Cost + Profit c. Markup = Selling price + Cost d. Markup = Expenses + Profit
- Which method results in a more realistic amount for income because it matches the most current costs against revenue? a.FIFO b.Weighted average cost c.Specific identification d.LIFOn Required information [The following information applies to the questions displayed below.] Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 105,000 73,500 31,500 27,720 $ 3,780 Required: 1. What is the contribution margin per unit? (Round your answer to 2 decimal places.) Contribution margin per unit1. determine the variable cost per unit. 2. how much is the total fixed cost? 3. using the data compute for the total variable under period 6.