Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. dice roll company sells its only product for $45 p

Dice Roll Company sells its only product for $45 per unit. Dice Rolls variable production...

80.2K

Verified Solution

Question

Accounting

Dice Roll Company sells its only product for $45 per unit. Dice Rolls variable production costs are $12 per unit. The fixed costs to produce 10,000 units were $40,000. What is the contribution margin ratio?

a.

26.7 %

b.

73.3 %

c.

33.3 %

d.

60.0 %

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!
Become a Member

Other questions asked by students

Q

A curve given parametrically by (?,?,?)=(−2−?, 3−?^2,3?+3?^3). There is a unique point P on the curve...

Basic Math
Q

What is the difference between making an argument to a particular audience in writing; and making...

Psychology
Q

The structure of enzymes that just includes folding and is caused by hydrogen bonding only...

Biology
Q

Why do ions have difficulty moving through the cellular membrane?a) They are too large and...

Biology
Q

For a standard deck of playing cards find the probability to the nearest percent that...

Geometry
Q

Applications of Rational Functions Graph T x 98 6 x2 1 Vertical Asymptotes Horizontal Asymptote...

Calculus
Q

On September 1, ABC Company borrowed $55,000 on a 6%, 9 month note payable to...

Accounting
Q

Cost behavior: (check all that apply) A. refers to how a cost will change as...

Accounting
Q

Which of the following statements is false? a. An extension request will prevent the taxpayer...

Accounting
Q

A US Treasury bond has a coupon rate of 4.50%, semi-annual coupon payments, face value...

Finance
Q

The production budget shows expected unit sales are 112,000. The required production units are 114,000....

Accounting
Q

8. The following information is available for the CAMDOM Co.: Cash Account payable Accrued Expenses...

Finance