Alpine Electronics forecasts annual revenue of $3,250,000, fixed overhead costs of $420,000, and variable costs equal to 58% of sales. Calculate Alpine Electronics' contribution margin ratio.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 5PB: Wellington, Inc., reports the following contribution margin income statement for the month of May....
icon
Related questions
Question

I need accounting

Alpine Electronics forecasts annual revenue of $3,250,000, fixed
overhead costs of $420,000, and variable costs equal to 58% of sales.
Calculate Alpine Electronics' contribution margin ratio.
Transcribed Image Text:Alpine Electronics forecasts annual revenue of $3,250,000, fixed overhead costs of $420,000, and variable costs equal to 58% of sales. Calculate Alpine Electronics' contribution margin ratio.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning