Coronado Industries produces flash drives for computers, which it sells for $25 each. Each flash drive...
Coronado Industries produces flash drives for computers, which it sells for $25 each. Each flash drive requires $6 of variable costs to make. During April, 1,000 drives were sold. Fixed costs for April were $1,000. How much is the contribution margin ratio?
Homework Answers
Contribution margin per unit = sales - variable cost
= 25 - 6 = $19
Contribution margin ratio = Contribution margin / sales
= 19/25 = 76%
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Coronado Industries produces flash drives for computers, which
it sells for $25 each. Each flash drive...
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