Assume the following (1) sales = $200,000,(2) unit sales =10,000,(3) the contribution margin ratio =25%,...

80.2K

Verified Solution

Question

Accounting

Assume the following (1) sales = $200,000,(2) unit sales =10,000,(3) the contribution margin ratio =25%, and (4) net operating income = $10,000. Given these four assumptions, which of the following is true?
Multiple Choice
The total fixed expenses = $150,000
The variable expense ratio is 300%
The total contribution margin = $40,000
The break-even point is 8,000 units

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students