Johnson Company produces a board game that sells for P1,750 per unit. Variable expenses are P900 per unit and fixed expenses total P 800,000 annually. The contribution margin ratio is closest to 1. 48.6 % 2. 51.4 % 3. 1.9% 4. none of the above
Johnson Company produces a board game that sells for P1,750 per unit. Variable expenses are P900 per unit and fixed expenses total P 800,000 annually. The contribution margin ratio is closest to 1. 48.6 % 2. 51.4 % 3. 1.9% 4. none of the above
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![Johnson Company produces a board game that sells for P1,750 per unit. Variable
expenses are P900 per unit and fixed expenses total P 800,000 annually. The
contribution margin ratio is closest to
1. 48.6 %
2. 51.4 %
3. 1.9%
4. none of the above
O 1
O 2
O 3
O 4](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9985be1a-d96c-4f59-aeb3-28ca3cea2eab%2F27140691-819e-4a35-b99c-f8693b02e5e6%2F49dpjol_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Johnson Company produces a board game that sells for P1,750 per unit. Variable
expenses are P900 per unit and fixed expenses total P 800,000 annually. The
contribution margin ratio is closest to
1. 48.6 %
2. 51.4 %
3. 1.9%
4. none of the above
O 1
O 2
O 3
O 4
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