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During the current period, Alpha Company sold 12,000 units of product at a per unit price of $15.00. Alpha also incurred total variable expenses of $96,000 and total fixed expenses of $40,000. Alpha's contribution margin ratio is closest to: 22.22% 46.67% 53.33% 75.55% a. b. C. d.

During the current period, Alpha Company sold 12,000 units of product at a per unit price of $15.00. Alpha also incurred total variable expenses of $96,000 and total fixed expenses of $40,000. Alpha's contribution margin ratio is closest to: 22.22% 46.67% 53.33% 75.55% a. b. C. d.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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During the current period, Alpha Company sold 12,000 units of product at a per unit price of $15.00. Alpha also incurred total variable expenses of $96,000 and total fixed expenses of $40,000. Alpha's contribution margin ratio is closest to: 22.22% 46.67% 53.33% 75.55% a. b. C. d.
Transcribed Image Text:During the current period, Alpha Company sold 12,000 units of product at a per unit price of $15.00. Alpha also incurred total variable expenses of $96,000 and total fixed expenses of $40,000. Alpha's contribution margin ratio is closest to: 22.22% 46.67% 53.33% 75.55% a. b. C. d.
Zeta Company sells a single product with a selling price of $300 per unit. Per unit variable costs are $82.00 and total fixed costs are $127,500. The number of units Zeta needs to sell to achieve its target profit of $50,000 is closest to: 610 814 a. b. C. d. 1,555 2,165
Transcribed Image Text:Zeta Company sells a single product with a selling price of $300 per unit. Per unit variable costs are $82.00 and total fixed costs are $127,500. The number of units Zeta needs to sell to achieve its target profit of $50,000 is closest to: 610 814 a. b. C. d. 1,555 2,165
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