Silverline Enterprises has a product with the following details: Selling price per unit: $120 Unit variable cost: $50 Total monthly fixed costs: $250,000 what is Silverline's contribution margin ratio? a. 41.67% b. 58.33% c. 30% d. 60%

Managerial Accounting: The Cornerstone of Business Decision-Making
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Chapter7: Cost-volume-profit Analysis
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Problem 29BEB: Sales Needed to Earn Target Income Chillmax Company plans to sell 3,500 pairs of shoes at 60 each in...
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What is silverline's contribution margin ratio on these general accounting question?

Silverline Enterprises has a product with the
following details: Selling price per unit: $120 Unit
variable cost: $50 Total monthly fixed costs:
$250,000 what is Silverline's contribution margin
ratio?
a. 41.67%
b. 58.33%
c. 30%
d. 60%
Transcribed Image Text:Silverline Enterprises has a product with the following details: Selling price per unit: $120 Unit variable cost: $50 Total monthly fixed costs: $250,000 what is Silverline's contribution margin ratio? a. 41.67% b. 58.33% c. 30% d. 60%
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