10 of 16)-Mozilla Firefoxn.squ.edu.om/mod/quiz/attempt.php?attempt=D1893449&cmid%3D891193&page%3D9IG SYSTEM (ACADEMIC)erial Accounting - Spring21Time left 1:29:43If sales are $24,000, variable costs are $8,000, and fixed costs are $3,000, the contribution margin ratio is: (rounded tothe nearest number)a.13%O b. 67%None of the given answersOd.33%O e.54%Company XYZ is currently operating with a 65% contribution margin. The company is planning an upgrade in itsproduction facilities, which is expected to increase sales by $10,000. However, this upgrade is expected to increase

Option B is the correct answer i.e 67%.

Answered: f sales are $24,000, variable costs are…

f sales are $24,000, variable costs are $8,000, and fixed costs are $3,000, the contribution marg he nearest number) O a. 13% O b. 67% C. O C. None of the given answers O d. 33% e. 54%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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