Sheridan Inc. has one product with a selling price per unit of $250, the unit...
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Accounting
Sheridan Inc. has one product with a selling price per unit of $250, the unit variable cost is $170, and the total monthly fixed costs are $744000. How much is Sheridans contribution margin ratio?
32.00%
68.00%
47.10%
83.00%
Question 2
In September, Coronado Company had the following financial statement amounts related to producing 550 units:
Direct materials
$29700
Depreciation expense
12100
Sales revenue
104500
Direct labour
25300
Rent expense
27500
How much is total contribution margin for September?
$49500
$9900
$74800
$220003
Gift Gallery sold 2000 Zooglars during 2020. Information is provided concerning the Zooglar product:
Sales
$59100
Variable costs
24300
Fixed costs
9800
Net income
$25000
If Gift Gallery sells 20 more units, by how much will its profit increase?
$17
$348
$250
$591
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