question archive 1) Young Company has provided the following information: Price per unit $40 Variable cost per unit 12 Fixed costs per month $10,000 What is the contribution margin ratio? A) 12% B) 60% C) 40% D) 70% 2) First Buy Company provided the following manufacturing costs for the month of June

Subject:AccountingPrice:4.87 Bought7

1) Young Company has provided the following information:

Price per unit |
$40 |

Variable cost per unit |
12 |

Fixed costs per month |
$10,000 |

What is the contribution margin ratio?

A) 12%

B) 60%

C) 40%

D) 70%

2) First Buy Company provided the following manufacturing costs for the month of June.

Direct labor cost |
$136,000 |

Direct materials cost |
80,000 |

Equipment depreciation (straight-line) |
24,000 |

Factory insurance |
19,000 |

Factory manager's salary |
12,800 |

Janitor's salary |
5,000 |

Packaging costs |
18,800 |

Property taxes |
16,000 |

From the above information, calculate First Buy's total variable costs.

A) $311,600

B) $62,300

C) $234,800

D) $38,400

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