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Olin [163]
3 years ago
9

Seating Galore sells high-end desk chairs. The variable expense per chair is $85.05 and the chairs sell for $189.00 each. The va

riable expense ratio for Seating Galore's chairs is
Business
1 answer:
Andrews [41]3 years ago
7 0

Answer:

Variable expense ratio= 0.45

Explanation:

Giving the following information:

The variable expense per chair is $85.05 and the chairs sell for $189.00 each.

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

Variable expense ratio= variable cost per unit / selling price

Variable expense ratio= 85.05 / 189

Variable expense ratio= 0.45

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The variance is a measure of variability. it's far calculated by taking the average of squared deviations from the mean. Variance tells you the diploma of unfold in your information set. The more unfold the data, the larger the variance is in relation to the mean.

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