Reference: 08-05
Dorian Company produces and sells a single product. The product sells for $60 per unit and has a contribution margin ratio of 40%. The company's monthly fixed expenses are $28,800.
-If Dorian Company desires a monthly net income equal to 10% of sales, monthly sales will have to be:
A) $120,000.
B) $96,000.
C) $45,600.
D) $90,000.
Correct Answer:
Verified
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Jimbob Co.'s records include the
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Oslo Co.'s industrial photo-finishing division
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Janet Company produces a game that
Q93: What is the company's contribution margin ratio?
A)30%.
B)250%.
C)150%.
D)70%.
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