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Silverado Company incurred the following costs in the production of 10,000 units of its main product X: P 1,000 Selling price per unit 150 Direct material 120 Direct labor 100 Variable overhead Variable selling and administrative expense 180 Total fixed overhead 2,200,000 Total fixed selling and administrative expense 880,000 What is the contribution margin ratio? 1. 37% 2. 45% 3. 55%

Silverado Company incurred the following costs in the production of 10,000 units of its main product X: P 1,000 Selling price per unit 150 Direct material 120 Direct labor 100 Variable overhead Variable selling and administrative expense 180 Total fixed overhead 2,200,000 Total fixed selling and administrative expense 880,000 What is the contribution margin ratio? 1. 37% 2. 45% 3. 55%

FINANCIAL ACCOUNTING
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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Silverado Company incurred the following costs in the production of 10,000 units of its main product X: Selling price per unit P 1,000 150 Direct material 120 Direct labor Variable overhead 100 180 Variable selling and administrative expense Total fixed overhead 2,200,000 Total fixed selling and administrative expense 880,000 What is the contribution margin ratio? 1. 37% 2. 45% 3. 55% 4. 63% O 1 O 2 O 3 4
Transcribed Image Text:Silverado Company incurred the following costs in the production of 10,000 units of its main product X: Selling price per unit P 1,000 150 Direct material 120 Direct labor Variable overhead 100 180 Variable selling and administrative expense Total fixed overhead 2,200,000 Total fixed selling and administrative expense 880,000 What is the contribution margin ratio? 1. 37% 2. 45% 3. 55% 4. 63% O 1 O 2 O 3 4
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