# accounting

Fixed Company produces a single product selling for \$30 per unit. Variable costs are \$12 per unit and total fixed costs are \$4,000. What is the contribution margin ratio? (Points :1)
1.67
2.50
0.40
0.60

1. 👍
2. 👎
3. 👁
1. 1.67

1. 👍
2. 👎
2. 1.67 is BEP
CM Ratio is 0.60

1. 👍
2. 👎
3. 0.6

1. 👍
2. 👎

## Similar Questions

1. ### Accounting

If fixed costs are \$300,000, the unit selling price is \$31, and the unit variable costs are \$22, what is the break-even sales (units) if fixed costs are reduced by \$30,000? Answer 30,000 units 8,710 units 12,273 units 20,000 units

2. ### Algebra

The Oliver Company plans to market a new product. Based on its market studies, Oliver estimates that it can sell up to 4,500 units in 2005. The selling price will be \$2 per unit. Variable costs are estimated to be 20% of total

3. ### ACC

someone help me with this questions please 1. How would the following costs be classified (product or period) under variable costing at a retail clothing store? Cost of purchasing clothing Sales commissions A) Product Product B)

4. ### Accounting

CollegePak Company produced and sold 60,000 backpacks during the year just ended at an average price of \$20 per unit. Variable manufacturing costs were \$8 per unit, and variable marketing costs were \$4 per unit sold. Fixed costs

1. ### Accounting

If fixed costs are \$250,000, the unit selling price is \$125, and the unit variable costs are \$73, what is the break-even sales (units)? Answer 3,425 units 2,381 units 2,000 units 4,808 units

2. ### CVP Analysis - Business Math

Engineering estimates show that the variable cost of manufacturing a new product will be \$35 per unit. Based on market research, the selling price of the product is to be \$120 per unit and variable selling expense is expected to

3. ### Managerial accounting

ScholarPak Company produced and sold 70,000 backpacks during the year just ended at an average price of \$30 per unit. Variable manufacturing costs were \$12 per unit, and variable marketing costs were \$6 per unit sold. Fixed costs

4. ### cost accounting

The East Company manufactures several different products. Unit costs associated with Product ORD203 are as follows: Direct materials \$50 Direct manufacturing labor 8 Variable manufacturing overhead 10 Fixed manufacturing overhead

1. ### ACCOUNTING

Gardner Manufacturing Company produces a product that sells for \$120. A selling commission of 10% of the selling price is paid on each unit sold. Variable manufacturing costs are \$60 per unit. Fixed manufacturing costs are \$20 per

2. ### accounting

"Harris Company manufactures and sells a single product. A partically completed schedule of the company's total and per unit cost over the relevant range of 30,000 to 50,000 per units produced and sold are: United produced and

3. ### Accounting

Currently, the unit selling price of a product is \$110, the unit variable cost is \$80, and the total fixed costs are \$345,000. A proposal is being evaluated to increase the unit selling price to \$120. a. Compute the current

4. ### Mathematics

XYZ Company plans to market a new product.Based on its market studies,the company estimates that it can sell 5500 units in 2004.The selling price will be birr 2 per unit.Variable costs are estimated to be 40% of the selling