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

    £¨30-12£©/30

    1. 👍
    2. 👎
  3. 0.6

    1. 👍
    2. 👎

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