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Bizhelp
Bizhelp, CPA
Category: Single Problem
Satisfied Customers: 5884
Experience:  BA degree and Certified Public Accountant
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1. The contribution margin ratio is equal to: A) Total manufacturing

Resolved Question:

1. The contribution margin ratio is equal to:
A) Total manufacturing expenses/Sales.
B) (Sales - Variable expenses)/Sales.
C) 1 - (Gross Margin/Sales).
D) 1 - (Contribution Margin/Sales).

2. To obtain the dollar sales volume necessary to attain a given target profit, which of the following formulas should be used?
A) (Fixed expenses + Target net profit)/Total contribution margin
B) (Fixed expenses + Target net profit)/Contribution margin ratio
C) Fixed expenses/Contribution margin per unit
D) Target net profit/Contribution margin ratio
Submitted: 4 years ago.
Category: Single Problem
Expert:  Bizhelp replied 4 years ago.
Hi,

Thanks for the questions.

1. B) (Sales - Variable expenses)/Sales.
2. B) (Fixed expenses + Target net profit)/Contribution margin ratio


Hope this helps!


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