Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. boswell company reported the following information

Boswell company reported the following information for the current year: Sales (40,000 units) $800,000, direct...

90.2K

Verified Solution

Question

Accounting

Boswell company reported the following information for the current year: Sales (40,000 units) $800,000, direct materials and direct labor $600,000, other variable costs $80,000, and fixed costs $360,000. What is Boswells contribution margin ratio?

a.

55%.
b.

15%.
c.

25%.
d.

45%.

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Grass Inc. identified the following overhead activities, their respective costs, and their cost drivers to produce...

Accounting
Q

11 At what velocity was a sprinter initially traveling if she experiences an acceleration of...

Biology
Q

A point source of light is kept at a depth hin water having refractive index...

Physics
Q

Macmillan Learning In skateboarding and snowboarding competitions multiple turns are measured in degrees In 2018...

Basic Math
Q

Graph the line with slope -2 passing through the point (4, -4).

Basic Math
Q

Based on results published in the Journal of Human Hypertension Send data to Excel Part...

Statistics
Q

An Internet bookstore charges 20 shipping for orders under 100 but provides free shipping for...

Algebra
Q

Exponential Growth and Decay Exponential growth and decay problems follow the model given by the...

Algebra
Q

SecuriCorp operates a fleet of armored cars that make scheduled pickups and deliveries in the...

Accounting
Q

URGENT PLEASE HELP!!!! Following is information on two alternative investments being considered by...

Accounting
Q

Hammock Manufacturing manufactures a single product that it will sell for $89 per unit. The...

Accounting
Q

Can you explain how to get mixed costs for October? Also can you explain how...

Accounting