Question: help asap pls 10. The contribution margin ratio is equal to: A Total manufacturing expenses/Sales. B. (Sales - Variable expenses)/Sales. C. 1 - (Gross Margin/Sales).
10. The contribution margin ratio is equal to: A Total manufacturing expenses/Sales. B. (Sales - Variable expenses)/Sales. C. 1 - (Gross Margin/Sales). D. 1 - (Contribution Margin/Sales). Garth Corporation sells a single product. If the selling price per unit and the variable expense per unit both increase by 10% and fixed expenses do not change, then: 11. A. profit will go up 10% B. profit will go up more than 10% C. profit will go down by less than 10% D. profit will not change 12. The break-even in units sold will decrease if there is an increase in: A. unit sales volume. B. total fixed expenses. C. unit variable expenses. D. selling price 13. Which of the following is NOT a correct definition of the break-even point? A. the point where total sales equals total expenses. B. the point where total profit equals total fixed expenses. c. the point where total contribution margin equals total fixed expenses. D. the point where total profit equals zero
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