Business
15.05.2021 01:25
238
244
7
Solved by an expert

Dakota Company provides the following information about its single product: Targeted

Dakota Company provides the following information about its single product: Targeted operating income $40,000 Selling price per unit $3.50 Variable cost per unit $1.05 Total fixed costs $90,000 What is the contribution margin ratio
Show Answers
KennyOaks6230
KennyOaks6230
4,5(70 marks)

57%

Explanation:

Contribution margin ratio is the ratio of difference between a company's revenue and variable expenses to the revenue of the company. It is usually expressed as a percentage.

This is also the ratio of the contribution margin to sales.

Given that Selling price per unit $3.50 Variable cost per unit $1.05

Contribution margin ratio

= (3.50 - 1.50)/ 3.50

=2/3.5

= 0.57

= 57%

ripbobbyjackson5206
ripbobbyjackson5206
4,7(72 marks)

C. Galvin is most qualified to work for plant systems and animal systems.

I hope this helps

Popular Questions about the subject: Business

Im so freakin bored omg...
Business
23.05.2020 15:29
Why was the national banking system developed?...
Business
03.03.2021 07:21
Improve the economic situation of a recipient country by opportunities...
Business
04.07.2020 13:18

New questions by subject

Question 17 of 25 2 Points In the 30-60-90 triangle below, side...
Mathematics
19.08.2020 02:46
1. Find the area of the triangle given: A= 36°, b= 18 inches, C...
Mathematics
18.10.2022 02:40
#
#
#
#
# #

We expand our knowledge with many expert answers