Question: Please help me with the right option The contribution margin ratio is 60%. If total fixed costs are $22,000, then what is the total cost

Please help me with the right option

Please help me with the right option The contribution margin ratio is

The contribution margin ratio is 60%. If total fixed costs are $22,000, then what is the total cost ($) of producing and selling 60,500 units? The selling price is $4 per unit. O a. 145,200 O b. 96,800 O c. 220,000 O d. None of the given answers O e. 123,200

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!