20-Spice Inc.'s unit selling price is $54, unit variable costs are $33, fixed costs are...
60.1K
Verified Solution
Link Copied!
Question
Accounting
20-Spice Inc.'s unit selling price is $54, unit variable costs are $33, fixed costs are $120,000, and current sales are 9,300 units. How much will operating income change if sales increase by 5,500 units?
30 The contribution margin ratio is the
a.same as the variable cost ratio
b.portion of equity contributed by stockholders
c.same as the profit-volume ratio
d.same as profit
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!