What is the effect in contribution margin ratio if both selling price and variable costs are increased by 10% and the fixed costs remain the same? 1. Increase by 10% 2. Increase by 5% 3. Decrease 4. Remains the same what is the best answer? another answer for this.
What is the effect in contribution margin ratio if both selling price and variable costs are increased by 10% and the fixed costs remain the same? 1. Increase by 10% 2. Increase by 5% 3. Decrease 4. Remains the same what is the best answer? another answer for this.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
What is the effect in contribution margin ratio if both selling price and
variable costs are increased by 10% and the fixed costs remain the same?
1. Increase by 10%
2. Increase by 5%
3. Decrease
4. Remains the same
what is the best answer?
another answer for this.
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