Paney Company makes calendars.Information on cost per unit is as follows:

- Fixed marketing expense totaled $13,000 and fixed administrative expense totaled $35,000.The price per calendar is $10.What is the variable expense ratio?

A) 40%
B) 36%
C) 50%
D) 60%
E) 46%

Question

Paney Company makes calendars.Information on cost per unit is as follows:

-  Fixed marketing expense totaled $13,000 and fixed administrative expense totaled $35,000.The price per calendar is $10.What is the variable expense ratio?
 
A) 40% 
B) 36% 
C) 50% 
D) 60% 
E) 46%

Quizplus · Accepted Answer

$4 / $10 = 40%

Paney Company Makes Calendars