Uablir, nv sells two models of their product in Tennessee, the CGB model and the CGA model. They have supplied the following data: CGBCGASelling Price$ 43$ 90Expected Unit Sales per month2,40013,000Variable Production costs per unit$ 17$ 23Variable selling and administrative costs per unit$ 10$ 12Fixed Expenses are $77,211 per month. Uablir's overall contribution margin ratio for the expected sales mix is to closest to:Select one:A.49.16%B.59.17%C.53.11%D.40.83%E.43.10%

Solution: Overall contribution margin ratio = Overall contribution margin / Overall Sales First we…

Answered: Uablir, nv sells two models of their…

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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Uablir, nv sells two models of their product in Tennessee, the CGB model and the CGA model. They have supplied the following data:

	CGB	CGA
Selling Price	$ 43	$ 90
Expected Unit Sales per month	2,400	13,000
Variable Production costs per unit	$ 17	$ 23
Variable selling and administrative costs per unit	$ 10	$ 12

Fixed Expenses are $77,211 per month.

Uablir's overall contribution margin ratio for the expected sales mix is to closest to:

Select one:

49.16%

59.17%

53.11%

40.83%

43.10%

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