Fixed Company produces a single product selling for $30 per unit. Variable costs are $12 per unit and total fixed costs are $4,000. What is the contribution margin ratio? (Points :1)

Question

1.67
2.50
0.40
0.60

Answer 1

1.67

Answer 2

1.67 is BEP
CM Ratio is 0.60

£¨30-12£©/30

Answer 3

0.6