Accounting 55 Vector Electronics produces USB adapters, which itsells for $30 each. Each USB adapter requires $12 ofvariable costs to manufacture. During May, 1,500adapters were sold. Fixed costs for May were$2,500.How much is the contribution margin ratio?

Concept of Contribution MarginThe contribution margin is the difference between the selling price of…

Answered: Vector Electronics produces USB…

Principles of Accounting Volume 2

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ISBN:9781947172609

Author:OpenStax

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Chapter3: Cost-volume-profit Analysis

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Problem 5EB: Cadre, Inc., sells a single product with a selling price of $120 and variable costs per unit of $90....

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Bradford Enterprises sells two products, blue pens and green notebooks. Bradford predicts that it will sell 3,200 blue pens and 900 green notebooks in the next period. The unit contribution margins for blue pens and green notebooks are $2.80 and $4.20, respectively. What is the weighted average unit contribution margin?
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Vector Electronics produces USB adapters, which it sells for $30 each. Each USB adapter requires $12 of variable costs to manufacture. During May, 1,500 adapters were sold. Fixed costs for May were $2,500. How much is the contribution margin ratio?