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

Other questions asked by students

Calculus
1.2K views

At 12:00pm, ship A is 124 kilometers west of ship B. Ship A is sailing...

Chemistry
1.2K views

for the lab of SPECTROPHOTOMETRIC DETERMINATION OF IRON USING 1,10 PHENANTHROLINE %Fe= c unknown(mol/L) X 1L X 80...

Physics
1.2K views

ving Chu a 210 mA c 420 mA b 155 mA d 75 mA 2...

Physics
1.2K views

through a gas under the action of a constant force F The gas is kept...

Physics
1.2K views

What can be said about the forces acting on an object that is moving with...

Calculus
1.2K views

se backward difference formula to evaluate the first derivative of y tan x at x...

Algebra
1.2K views

Find the exact lengths x y and The figure is not drawn to scale Write...

Accounting
1.2K views

Josh (age 30) has AGI of $50,000 and has made the following payments...

Accounting
1.2K views

Jane Smith is a client that has come to you seeking start-up advice on designing...

Accounting
1.2K views

Horizontal Analysis of the Income StatementIncome statement data for Winthrop Company for two recent years...

Accounting
1.2K views

You purchase one MBI March 170 put contract for a put premium of $15. The...

Finance
1.2K views

Mergers and Acquisitions 1. The following data on a merger are given: Price per share...