Question: The contribution margin ratio is calculated by taking Select one: a . variable costs divided by contribution margin. b . sales divided by contribution margin.

The contribution margin ratio is calculated by taking
Select one:
a. variable costs divided by contribution margin.
b. sales divided by contribution margin.
c. sales less variable costs, divided by sales
d. sales less contribution margin, divided by sales.
The contribution margin ratio is calculated by taking Select one: a.

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!

Q:

Belmain Co. Estimated Income Statement For the Year Ended December 31, 2017 10,000 600,000 360,000 422,000 32,000 $ 198,000 Sales Cost of goods sold: Direct materials Direct labor Factory overhead...

Q:

L020-6 MURDER TO GO! writes and manufactures murder mystery parlor games that 020-4 through EXERCISE 20.7 using Formulas stores. The following is per-unit information relating to the manufacture ad a...

Q:

4 Selling price per unit Variable expenses per unit Fixed expenses per month $ 100 $ 40 $60,000 The breakeven point in terms of total revenues per month is: Multiple Choice O $30,000 $60,000 OC...

Q:

The formula for break-even point in terms of sales dollars is: Mulliple Choice Total Fixed Costs / Contribution Margin Ratio Total Variable Costs / Total Fixed Costs. Total Variable Costs /...

Q:

Wolsey Industries Inc. Estimated Income Statement 1. For the Year Ended December 31, 20Y3 Sales #REF! Cost of goods sold: #REF! #REF! Direct materials Direct labor Factory overhead #REF! #REF! #REF!...

Q:

Wolsey Industries Inc. Estimated Income Statement For the Year Ended December 31, 20Y3 Sales Cost of goods sold: Direct materials Direct labor Factory overhead Cost of goods sold Gross profit #REF!...

Q:

Multiple Choice Question Contribution margin ratio is Blank _ _ _ _ _ _ . Multiple choice question. sales revenue - variable costs unit sales price unit contribution margin sales revenue - fixed...

Q:

13) To prepare a Contribution Margin Income Statement I need 3 numbers: Sales, Total Variable Costs, Total Fixed Costs Sales, Contribution Margin, Total Variable Costs Sales Price per unit, Variable...

Q:

https%253A%252F%252 Quiz i Saved The contribution margin ratio equals: Multiple Choice Sales - contribution margin Sales - variable expenses. O Contribution margin = sales. O Contribution margin =...

Q:

Looking for someone to complete this assignment for me. Need to have it completed by 5pm today and receive an A on it, will pay $. its 29 multiple choice and 1 written answer 1. The California caf...

Q:

The following information comes from manager and you are asked to create a financial report in term of balance sheet and income statement. Paying office rent from the bank account $3,500 per month...

Q:

Discuss important benefits of purchasing an off-the-shelf accounting system.

Q:

Advise your client how income, expenses, gain, and losses are allocated to shareholders of an S corporation

Q:

Part 1: Prepare the tax formula in a worksheet in column A. In column B next to each element of tax formula, show the lines on Form 1040 to which the tax formula line item links.