The following information for the past year for the Blaine Corporation has been provided: Fixed costs:...
The following information for the past year for the Blaine Corporation has been provided:
|
Fixed costs: |
|
|
Manufacturing |
$ 125 comma 000$125,000 |
|
Marketing |
24 comma 00024,000 |
|
Administrative |
20 comma 00020,000 |
|
Variable costs: |
|
|
Manufacturing |
$ 110 comma 000$110,000 |
|
Marketing |
30 comma 00030,000 |
|
Administrative |
34 comma 00034,000 |
During the year, the company produced and sold
60 comma 00060,000
units of product at a selling price of
$ 12.40$12.40
per unit. There was no beginning inventory of the product at the beginning of the year.
What is the contribution margin ratio for Blaine Corporation (round to 1 decimal)?
A.
70.470.4 %
B.
53.953.9 %
C.
22.722.7 %
D.
76.676.6 %
Homework Answers
Contribution = Sales - variable cost
Contribution margin ratio = contribution/sales*100
Add Answer to:
The following information for the past year for the Blaine
Corporation has been provided:
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Question 2:
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