Question: Assume the following (1) variable expenses = $300,000, (2) unit sales = 10,000, (3) the contribution margin ratio = 25%, and (4) net operating income

Assume the following (1) variable expenses = $300,000, (2) unit sales = 10,000, (3) the contribution margin ratio = 25%, and (4) net operating income = $10,000. Given these four assumptions, which of the following is true?

Multiple Choice

The variable expense ratio is 300%
The total sales = $400,000
The total fixed expenses = $75,000
The total contribution margin = $225,000

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