Trinity Products sells a single item for $80 per unit. The variable cost per unit is $24, and fixed costs total $200,000 per month. What is Trinity_s contribution margin ratio? a. 24% b. 56% c. 70% d. 300%

Trinity Products sells a single item for $80 per unit. The variable cost per unit is $24, and fixed costs total $200,000 per month. What is Trinity_s contribution margin ratio? a. 24% b. 56% c. 70% d. 300%

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 5MC: A company sells its products for $80 per unit and has per-unit variable costs of $30. What is the...

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Question

I need the correct answer to this general accounting problem using the standard accounting approach.

Trinity Products sells a single item for $80 per unit. The variable cost
per unit is $24, and fixed costs total $200,000 per month.
What is Trinity_s contribution margin ratio?
a. 24%
b. 56%
c. 70%
d. 300%

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