Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. tb mc qu.12-56 each of a company's several... ea

TB MC Qu.12-56 Each of a company's several... Each of a company's several...

50.1K

Verified Solution

Question

Accounting

TB MC Qu.12-56 Each of a company's several...
Each of a company's several product lines has a different contribution margin ratio. Total sales in 2023 were 20% higher than total sales in 2022. Total contribution margin for 2023 will be:
Multiple Choice
20% higher than it was in 2022, regardless of changes in sales mix.
more than 20% higher than it was in 2022 if the sales mix changes and proportionately more high contribution margin ratio products are sold in 2023 than in 2022.
the same as it was in 2022, regardless of changes in sales mix.
less than 20% higher than it was in 2022 if the sales mix changes and proportionately more high contribution margin ratio products are sold in 2023 than in 2022.

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