Young Company has provided the following information: $$\begin{array} { | l | r | }
\hline \text { Price per unit } & \$ 40 \
\hline \text { Variable cost per unit } & 12 \
\hline \text { Fixed costs per month } & \$ 10,000 \
\hline
\end{array}$$ What is the contribution margin ratio?

Question

Young Company has provided the following information: $$\begin{array} { | l | r | } 
\hline \text { Price per unit } & \$ 40 \
\hline \text { Variable cost per unit } & 12 \
\hline \text { Fixed costs per month } & \$ 10,000 \
\hline
\end{array}$$ What is the contribution margin ratio?

Quizplus · Accepted Answer

The Answer of Young Company has provided the following information: $$\begin{array} { | l | r | } 
\hline \text { Price per unit } & \$ 40 \
\hline \text { Variable cost per unit } & 12 \
\hline \text { Fixed costs per month } & \$ 10,000 \
\hline
\end{array}$$ What is the contribution margin ratio?

Young Company Has Provided the Following Information What Is the Contribution Margin Ratio? A) 12% B) 60

Young Company Has Provided the Following Information What Is the Contribution Margin Ratio?
A) 12%
B) 60