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Sheridan Inc. has one product with a selling price per unit of $250, the unit...

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Question

Accounting

Sheridan Inc. has one product with a selling price per unit of $250, the unit variable cost is $170, and the total monthly fixed costs are $744000. How much is Sheridans contribution margin ratio?

32.00%

68.00%

47.10%

83.00%

Question 2

In September, Coronado Company had the following financial statement amounts related to producing 550 units:

Direct materials $29700
Depreciation expense 12100
Sales revenue 104500
Direct labour 25300
Rent expense 27500

How much is total contribution margin for September?

$49500

$9900

$74800

$220003

Gift Gallery sold 2000 Zooglars during 2020. Information is provided concerning the Zooglar product:

Sales $59100
Variable costs 24300
Fixed costs 9800
Net income $25000

If Gift Gallery sells 20 more units, by how much will its profit increase?

$17

$348

$250

$591

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