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

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

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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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?