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1 You are given the following information for ABC Corporation: Sales price per unit $50 Variable cost per unit 12 Fixed costs per month $12,000 Calculate the contribution margin ratio

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1 You are given the following information for ABC Corporation: Sales price per unit $50 Variable cost per unit 12 Fixed costs per month $12,000 Calculate the contribution margin ratio. (Round your answer to two decimal places.) Select one: a. 64.71% b. 67.86% c. 78.57% d. 82.35%

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MERNA Manufacturing Company prepares master budget. If the sales volume variance was $16,000 Favorable and the static budget variance was $20,000 Favorable, then the flexible budget variance was ________. Select one: a. $36,000 Unfavorable b. $4,000 Favorable c. $4,000 Unfavorable d. $36,000 Favorable