Sales are $500000 and variable costs are $400000. What is the contribution margin ratio? Cannot be determined because amounts are not expressed per unit. 80%. 25%. 20%.
Sales are $500000 and variable costs are $400000. What is the contribution margin ratio? Cannot be determined because amounts are not expressed per unit. 80%. 25%. 20%.
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 6MC: If a company has fixed costs of $6.000 per month and their product that sells for $200 has a...
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Sales are $500000 and variable costs are $400000. What is the contribution margin ratio?
Cannot be determined because amounts are not expressed per unit.
80%.
25%.
20%.
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