Choose the correct letter of answer At a monthly volume of P50,000, Yumi Company incurs variable costs of P10,000 and fixed costs of P12,000. Determine the combined variable cost ratio and the contribution margin ratio.  a. 80% b. 100% c. 30% d. 20%

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter6: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 2BE: Contribution margin Waite Company sells 250,000 units at 120 per unit. Variable costs are 78 per...
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Choose the correct letter of answer

At a monthly volume of P50,000, Yumi Company incurs variable costs of P10,000 and fixed costs of P12,000. Determine the combined variable cost ratio and the contribution margin ratio. 
a. 80%
b. 100%
c. 30%
d. 20%

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