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%

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%

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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