Herman Corp. has two products, A and B, with the following total sales and total variable costs: Product A Product B P10,000 P30,000 Total Sales P 4,000 P24,000 Total Variable Costs What is the overall contribution margin ratio?   30% 50% 40% 70%

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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5. Herman Corp. has two products, A and B, with the following total sales and total variable costs: Product A Product B P10,000 P30,000 Total Sales P 4,000 P24,000 Total Variable Costs What is the overall contribution margin ratio?
 
30%
50%
40%
70%
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