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Author Question: Quality Stores, Inc., sells several products. Information of average revenue and costs is as ... (Read 33 times)

Yi-Chen

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Quality Stores, Inc., sells several products. Information of average revenue and costs is as follows:

Selling price per unit$20
 Variable costs per unit:
Direct material$4
Direct manufacturing labor$1.80
Manufacturing overhead$0.4
Selling costs$3
Annual fixed costs$96,000

What is the contribution margin percentage? (Round your answer to the nearest whole percent.)
◦ 54%
◦ 69%
◦ 43%
◦ 47%


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Marked as best answer by Yi-Chen on Mar 6, 2021

ambernicolefink

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Yi-Chen

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Reply 2 on: Mar 6, 2021
:D TYSM


okolip

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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