Swifty Corporation produces flash drives for computers, which it sells for $15 each, Each flash drive costs $9 of variable costs to make.During April, 1000 drives were sold. Fied costs for April were $1000. How much is the contribution margin ratio?O 45%O 73%O 27%O 40%

Solution: Selling price per unit = $15 Variable cost per unit = $9 Contribution margin per unit =…

Swifty Corporation produces flash drives for computers, which it sells for $15 each Each flash drive costs $9of variable costs to m During April, 1000 drives were sold. Fised costs for April were $1000. How much is the contribution margin ratio O 45% O 73% O 27% O 40%

Swifty Corporation produces flash drives for computers, which it sells for $15 each Each flash drive costs $9of variable costs to m During April, 1000 drives were sold. Fised costs for April were $1000. How much is the contribution margin ratio O 45% O 73% O 27% O 40%

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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Question

Swifty Corporation produces flash drives for computers, which it sells for $15 each, Each flash drive costs $9 of variable costs to make.
During April, 1000 drives were sold. Fied costs for April were $1000. How much is the contribution margin ratio?
O 45%
O 73%
O 27%
O 40%

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Subject: Acounting