Dairy Days Ice Cream sells ice cream cones for $5 per customer. Variable cost $1 per cone Fixed cost $2,300 per month What is Dairy Days' contribution margin ratio? A. 256% B. 80% C. 62% D. 600%
Dairy Days Ice Cream sells ice cream cones for $5 per customer. Variable cost $1 per cone Fixed cost $2,300 per month What is Dairy Days' contribution margin ratio? A. 256% B. 80% C. 62% D. 600%
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter16: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 20E
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Kindly help me with this question general Accounting
![Dairy Days Ice Cream sells ice cream cones for $5 per customer.
Variable cost $1 per cone
Fixed cost
$2,300 per month
What is Dairy Days' contribution margin ratio?
A. 256%
B. 80%
C. 62%
D. 600%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd043c6f2-78dd-484e-86c0-9ad4b697372b%2F45beafd1-6b7c-466b-a4c5-1750c5ecb48c%2Fhd8t1ii_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Dairy Days Ice Cream sells ice cream cones for $5 per customer.
Variable cost $1 per cone
Fixed cost
$2,300 per month
What is Dairy Days' contribution margin ratio?
A. 256%
B. 80%
C. 62%
D. 600%
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