A market segment has sales of $70,000, variable cost of goods sold of $10,000, variable selling expenses of $11,000, and total fixed expenses of $13,000. What is the segment’s contribution margin ratio? a. 70% b. 51% c. 36% d. 86%

A market segment has sales of $70,000, variable cost of goods sold of $10,000, variable selling expenses of $11,000, and total fixed expenses of $13,000. What is the segment’s contribution margin ratio? a. 70% b. 51% c. 36% d. 86%

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 3MC: A companys product sells for $150 and has variable costs of $60 associated with the product. What is...

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Question

a. 70%

b. 51%

c. 36%

d. 86%

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