Nicole's Candles provides the following information from its accounting records: Total Sales Revenue $68,000 Selling price...
Nicole's Candles provides the following information from its accounting records:
|
Total Sales Revenue |
$68,000 |
|
Selling price per unit |
$25 |
|
Total variable cost per unit |
$10,200 |
|
Total fixed cost |
$15,120 |
What is the contribution margin ratio for Nicole's candles?
A.
.15
B.
.85
C.
.62
D.
.23
Homework Answers
contribution margin=Sales -Variable cost
=(68,000-10200)=$57800
contribution margin ratio= contribution margin/Sales
=$57800/68,000
=0.85
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