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Damm [24]
3 years ago
8

Variable Cost Ratio, Contribution Margin Ratio

Business
1 answer:
xenn [34]3 years ago
4 0

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Head-First Company plans to sell 5,000 bicycle helmets at $75 each in the coming year. The unit variable cost is $45. Fixed factory overhead is $20,000 and fixed selling and administrative expense is $29,500.

To calculate the variable cost ratio, we need to use the following formula:

Variable cost ratio= unitary variable cost / selling price

Variable cost ratio= 45/75= 0.6

The contribution margin rate is the difference between the contribution margin and the selling price:

CM ratio= Contribution margin / selling price

CM ratio= (75 - 45)/ 75= 0.4

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3 years ago
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2 years ago
Over the next three years, a firm is expected to earn economic profits of $60000 in the first year, $50000 in the second year, a
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5 0
2 years ago
The Benson Bearing Company sells Textron, Inc. a quantity of baseball bats that were stored in an independent warehouse at the t
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Answer:

at the time it receives a negotiable warehouse receipt for the bats.

Explanation:

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3 years ago
A dozen eggs cost $0.96 in December 2000 and $1.82 in December 2017. The average wage for workers in private industries was $14.
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Answer:

the percentage in which the price of the dozen eggs rise is 89.58% or 90%

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The computation of the percentage in which the price of the dozen eggs rise is shown below;

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