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IgorLugansk [536]
1 year ago
11

The cutting edge sells ice skates. total sales are $845,000, total variable expenses are $245,050 and total fixed expenses are $

302,000. the variable expense ratio is?
Business
1 answer:
natita [175]1 year ago
3 0

If the cutting edge sells ice skates. total sales are $845,000, total variable expenses are $245,050 and total fixed expenses are $302,000. the variable expense ratio is: 29%.

<h3>Variable expense ratio</h3>

Using this formula

Variable expense ratio=Total variable expense /Total sales

Let plug in the formula

Variable expense ratio=$245,050/ $845,000

Variable expense ratio=0.29×100

Variable expense ratio=29%

Therefore If the cutting edge sells ice skates. total sales are $845,000, total variable expenses are $245,050 and total fixed expenses are $302,000. the variable expense ratio is: 29%.

Learn more about variable expense ratio here:brainly.com/question/24161829

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