Marie's Magic Shoppe provides the following information

Homework answers / question archive / Marie's Magic Shoppe provides the following information about its single product

Marie's Magic Shoppe provides the following information about its single product

Accounting

Share With

Marie's Magic Shoppe provides the following information about its single product.

Targeted operating income	$38,000
Selling price per unit	$25.00
Variable cost per unit	$12.00
Total fixed cost	$85,000

What is the contribution margin ratio?

A) 192%

B) 52%

C) 13%

D) 48%

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Answer Preview

Answer: B

Explanation: B)

Sales $25

Less Variable costs 12

= Contribution Margin 13 divided by $25 = 52%

Sitejabber (5.0)

BBC (5.0)

Trustpilot (4.9)

Google (5.0)

Related Questions

The following balances appeared in a company39s financial statements for the year ended 2018 October 31 2019 2018 Accounts Receivable 100000 Allowance for Doubtful Accounts 1
ACC 201 PRINCIPLES OF MANAGERIAL ACCOUNTING DETAILS OF GROUP PROJECT This group project requires the use of EXCEL spreadsheets to prepare various budgets for a manufacturing company
University of Tasmania BFA 713 CHAPTER 9 1The primary difference between an audit of the statement of financial position and an audit of the income statement lies in the fact that the audit of the income statement deals with the verification of lsquodualpurpose testsrsquo involve To test for unsupported entries in the ledger the direction of audit testing should be from the The auditor will most likely perform extensive tests for possible understatement of In auditing accounts payable an auditorrsquos procedures most likely would focus primarily on managementrsquos assertion of Which of the following is not a primary objective of the auditor in undertaking substantive testing of current assets An auditor most likely would make enquiries of production and sales personnel concerning possible obsolete or slowmoving inventory to support managementrsquos account balance assertion of Tests designed to detect goods that arrived at the warehouse just before yearend and for which the audit client took ownership that have not been recorded in the perpetual inventory records until the subsequent year would most likely provide evidence about managementrsquos assertion of
Option 1 Budgeting for a NonManufacturer Your client Bugs R Gone has requested assistance with preparation of their budget for the upcoming year while they have a part time accounting helper out on leave
Dozier Company produced and sold 1000 units during its first month of operations
The correct accounting equation formula is A
1 Company purchased equipment for 60000 on January 1 2018
Writea 75 to 100word response to each of the following three prompts 1
ABCpartnershippostedanetincomebeforetaxofP1200000
The Outdoor Dining Company specializes in producing a set of wood patio furniture consisting of a table and four chairs

menu