The following information is available for Spruce Corporation for a sales volume of 500 stereospeakers for the past month: Total Per Unit Sales $112,500 $225 Less: Variable expenses40,000 80 Contribution margin $ 72,500 $145 Less: Fixed expenses $ 17,500 Net operatingincome $ 55,000 What is the contribution margin ratio? Select one: A. 40.0% B. 54.4% C. 32.2%D. 64.4%

A crucial tool in cost-volume-profit analysis, the contribution margin aids companies in determining…

Answered: The following information is available…

The following information is available for Spruce Corporation for a sales volume of 500 speakers for the past month: Total Per Unit Sales $112,500 $225 Less: Variable expense

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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