Golden Company produces a game that sells for P17 per game. Variable expenses are P9 per game and fixed expenses total P180,000 annually. The contribution margin ratio is closest to 1. 47.1% 2. 2.1% 3. 19% 4. 52.9% Group of answer choices 1 2 3 4

Golden Company produces a game that sells for P17 per game. Variable expenses are P9 per game and fixed expenses total P180,000 annually. The contribution margin ratio is closest to 1. 47.1% 2. 2.1% 3. 19% 4. 52.9% Group of answer choices 1 2 3 4

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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Question

Golden Company produces a game that sells for P17 per game. Variable expenses are P9 per game and fixed expenses total P180,000 annually. The contribution margin ratio is closest to

1. 47.1%

2. 2.1%

3. 19%

4. 52.9%

Group of answer choices

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