Can Please Help Me: Accounting60 minutes only the given time. Wish you could help me.I will give UPVOTE and GOOD FEEDBACK. Silverado Company incurred the following costs in the production of 10,000units of its main product X:Selling price per unitP 1,000150Direct material120Direct laborVariable overhead100180Variable selling and administrative expenseTotal fixed overhead2,200,000Total fixed selling and administrative expense880,000What is the contribution margin ratio?1. 37%2. 45%3. 55%4. 63%O 1O 2O 34

Total Variable cost = DM + DL + Variable OH + Variable S&A Total Variable cost = 150 + 120 + 100…

Silverado Company incurred the following costs in the production of 10,000 units of its main product X: P 1,000 Selling price per unit 150 Direct material 120 Direct labor 100 Variable overhead Variable selling and administrative expense 180 Total fixed overhead 2,200,000 Total fixed selling and administrative expense 880,000 What is the contribution margin ratio? 1. 37% 2. 45% 3. 55%

Silverado Company incurred the following costs in the production of 10,000 units of its main product X: P 1,000 Selling price per unit 150 Direct material 120 Direct labor 100 Variable overhead Variable selling and administrative expense 180 Total fixed overhead 2,200,000 Total fixed selling and administrative expense 880,000 What is the contribution margin ratio? 1. 37% 2. 45% 3. 55%

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter2: Basic Managerial Accounting Concepts

Section: Chapter Questions

Problem 39E: Cost Classification Loring Company incurred the following costs last year: Required: 1. Classify...

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