Crane Company produces flash drives for computers, which it sells for $15 each. Each flash drive costs $6 of variable costs to make. During April, 1000 drives were sold. Fixed costs for March were $2 per unit for a total of $1000 for the month. What is the contribution margin ratio? O 60% O 47% O 53% O 30%
Crane Company produces flash drives for computers, which it sells for $15 each. Each flash drive costs $6 of variable costs to make. During April, 1000 drives were sold. Fixed costs for March were $2 per unit for a total of $1000 for the month. What is the contribution margin ratio? O 60% O 47% O 53% O 30%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![Crane Company produces flash drives for computers, which it sells for $15 each. Each flash drive costs $6 of variable costs to make.
During April, 1000 drives were sold. Fixed costs for March were $2 per unit for a total of $1000 for the month. What is the
contribution margin ratio?
O 60%
O 47%
O 53%
O 30%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd7caba2a-5809-49e2-a42f-a8add9a875cc%2Fcf97c7d0-1f9d-4a57-953e-879017bacb2a%2F9jeu0xb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Crane Company produces flash drives for computers, which it sells for $15 each. Each flash drive costs $6 of variable costs to make.
During April, 1000 drives were sold. Fixed costs for March were $2 per unit for a total of $1000 for the month. What is the
contribution margin ratio?
O 60%
O 47%
O 53%
O 30%
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