Mazoon Company has information on itsrevenue and costs is as follows: Selling priceper unit $70; Variable costs per unitincludes: Direct material $16, Directmanufacturing labor $8, Manufacturingoverhead $8, and Selling costs $10; Annualfixed costs $85,000. What is the contributionmargin percentage?a. 40%b. 52.5%C.60%d. None of the given answerse. 70%

Variable cost means the cost which vary with the level of output where as fixed cost remain…

Mazoon Company has information on its evenue and costs is as follows: Selling price per unit $70; Variable costs per unit ncludes: Direct material $16, Direct nanufacturing labor $8, Manufacturing overhead $8, and Selling costs $10; Annual ixed costs $85,000. What is the contribution nargin percentage? а. 40% b. 52.5% С. 60% d. None of the given answers e. 70%

Mazoon Company has information on its evenue and costs is as follows: Selling price per unit $70; Variable costs per unit ncludes: Direct material $16, Direct nanufacturing labor $8, Manufacturing overhead $8, and Selling costs $10; Annual ixed costs $85,000. What is the contribution nargin percentage? а. 40% b. 52.5% С. 60% d. None of the given answers e. 70%

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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