At a volume level of 500,000 units,Sullivan reported the following information:
The company's contribution-margin ratio is closest to:

Question

At a volume level of 500,000 units,Sullivan reported the following information: 
The company's contribution-margin ratio is closest to:

Quizplus · Accepted Answer

To find the contribution-margin ratio, we need to use the formula:
Contribution-margin ratio = (contribution margin / sales)
We are given that the volume level is 500,000 units. We are not given the selling price per unit or the variable cost per unit, so we cannot calculate the contribution margin or the contribution-margin ratio directly.
However, we are given a unique identifier code (11ea6ddd_fa94_d8ba_9c10_0d0f2d8d6a20_TB2489_00) that may be related to some data that could help us determine the contribution-margin ratio. Without additional information, we cannot determine the contribution-margin ratio with certainty.

At a Volume Level of 500,000 Units,Sullivan Reported the Following