Ibra Industries produces windows, which it sells for OMR 20 each. Each Unit costs OMR 13 of variable costs to make. During April, 1,000 Units were sold. Fixed costs were a total of OMR 1,000 for the month. How much is the contribution margin ratio? Select one: O a. None of the answers are correct O b. 75% O c. 25% O d. 35% O e. 65% Next p Chapter 9 Sales budgets (activities Jump to.. 6) Sections 2,3,4, and 5

Ibra Industries produces windows, which it sells for OMR 20 each. Each Unit costs OMR 13 of variable costs to make. During April, 1,000 Units were sold. Fixed costs were a total of OMR 1,000 for the month. How much is the contribution margin ratio? Select one: O a. None of the answers are correct O b. 75% O c. 25% O d. 35% O e. 65% Next p Chapter 9 Sales budgets (activities Jump to.. 6) Sections 2,3,4, and 5

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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ion 1 enny's direct material cost is $5 per unit. The direct labor rate is $19 per hour and each units takes 2 hours to produce. Variable manufacturing overhead is $5 per unit and total budgeted fixed overhead is $6000. A sales commission of $3 is paid on each unit. If Penny expects to produce 3900 units and sell 1400 units, what is The budget cost of goods sold per unit? Round your answer to the nearest 2 decimal places 200-2 Question 1 of 5
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