75p is the correct answer because 1 lemon is 15p
Whats the question ill be happy to help
In an internal operating income statement, the form is as such:
(1) Sales (or Revenue) - Total Variable Costs = Contribution Margin;
(2) Contribution Margin - Total Fixed Costs = Operating Income
and
(3) Contribution Margin Ratio = Contribution Margin/Sales
The first equation helps us out. Sales is the whole amount for this statement, or 100%. We know variable costs are 62% and the rest goes to the Cont. Margin.
100% - 68% = 32% (choice A)
The answer would be 5/55 because if you subtract 32 from 37 you would end up with 5 and because the denominator was the same you keep the denominator the same.
Answer:
steps in attached picture
Step-by-step explanation:
