FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Sarah Smith, a sole proprietor, has the following projected figures for next year:
Variable cost per unit $148.00
Contribution margin per unit $ 52.00
Total fixed costs $ 550,000
What is the contribution margin ratio?
Group of answer choices
74.00%
26.00%
35.14%
52.00%
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- Develop an equation for total monthly production costs. Total Monthly Production costs = Fixed Costs + Variable Costs = _____________ + ($ per unit X Number of units) Predict total costs for a monthly production volume of 9,000 units.arrow_forwardneed answer of this questionarrow_forwardContribution Margin Ratio a. Imelda Company budgets sales of $810,000, fixed costs of $62,000, and variable costs of $275,400. What is the contribution margin ratio for Imelda Company? (Enter your answer as a whole number.) % b. If the contribution margin ratio for Peppa Company is 62%, sales were $596,000, and fixed costs were $273,440, what was the income from operations?arrow_forward
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