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9966 [12]
3 years ago
5

Clark Company produces flash drives for computers, which it sells for $20 each. Each flash drive costs $12 of variable costs to

make. During April, 1,000 drives were sold. Fixed costs for March were $2 per unit for a total of $1,000 for the month. How much is the contribution margin ratio
Business
1 answer:
Tomtit [17]3 years ago
3 0

Answer:

contribution margin ratio= 0.4

Explanation:

Giving the following information:

Selling price per unit= $20

Unitary variable cost= $12

<u>To calculate the contribution margin ratio, we need to use the following formula:</u>

contribution margin ratio= (selling price - unitary variable cost) / selling price

contribution margin ratio= (20 - 12) / 20

contribution margin ratio= 0.4

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Juli2301 [7.4K]

Answer:

False

Explanation:

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7 0
3 years ago
The designated market value:a. is always the middle value of replacement cost, net realizable value, and net realizable value le
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Answer:

a. is always the middle value of replacement cost, net realizable value, and net realizable value less a normal profit margin.

Explanation:

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