Answer the following questions using the information below:
Alex Furniture sells a table for $850. His fixed costs are $25,000, while his variable costs are $500 per table. He currently plans to sell 175 tables this month.
-Winnz sells 8,000 units resulting in $100,000 of sales revenue,$35,000 of variable costs,and $45,000 of fixed costs.The contribution margin percentage is ________.
A) 66.67%
B) 65.0%
C) 37.5%
D) 75.0%
Correct Answer:
Verified
Q24: A revenue driver is a variable, such
Q25: Sales margin = Contribution margin percentage ×
Q26: The classification of costs as variable and
Q26: Answer the following questions using the information
Q29: Answer the following questions using the information
Q31: It is assumed in CVP analysis that
Q32: Which of the following is the mathematical
Q34: In CVP analysis,the number of output units
Q35: While doing cost-volume-profit analysis,a company should separate
Q37: Contribution margin = Contribution margin percentage ×
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents