Nicole 's Candles provides the following information from its accounting records Total Sales Revenue $68,000 Selling price per unit $25 Total variable cost per unit $10,200 Total fixed cost $15,120 What is the contribution margin ratio for Nicole 's candles A) 0 15 B) 0 85 C) 0 62 D) 0 23 ...

Nicole's Candles provides the following information from its accounting records: Total Sales Revenue $68,000 Selling price per

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Nicole's Candles provides the following information from its accounting records:

Total Sales Revenue	$68,000
Selling price per unit	$25
Total variable cost per unit	$10,200
Total fixed cost	$15,120

What is the contribution margin ratio for Nicole's candles?

A). 0.15

B). 0.85

C). 0.62

D). 0.23

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Cornerstones of Financial and Managerial Accounting

ISBN: 978-1111879044

2nd edition

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

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Posted Date: Jan 18, 2021 10:51 PM

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Cornerstones of Financial and Managerial Accounting

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